United Capital adds two firms and more than $1.5B in assets

Deals include Maryland firm with a $1.1 billion retirement plan practice.
NOV 10, 2015
United Capital Financial Advisers announced Monday it was adding more than $1.5 billion in assets through two acquisitions. The first, PSA Insurance & Financial Services of Hunt Valley, Md., has a retirement plans practice with $1.1 billion in assets under advisement and a wealth management practice with about $189 million in assets under management. “This transition is a win-win for all parties,” Trevor “Chip” Lewis, managing director at PSA, said in a statement. “We found an ideal destination for our advisers, clients and retirement plan participants and a great opportunity to serve one another's client base in an ongoing manner.” United Capital announced it also would acquire Select Financial Group, which has $270 million in assets under advisement. Founder John Abriola is now a partner and managing director, bringing his seven employees to United Capital. “The driving force for me has been the culmination of what I've witnessed as a boutique owner over the past two and half decades,” Mr. Abriola said. “The industry has drastically changed and made it difficult to conduct business. I came to the conclusion that my team and clients deserved an environment that would offer a path of success and succession.”

Latest News

Mesirow acquires part of flexPATH in second retirement deal of 2026
Mesirow acquires part of flexPATH in second retirement deal of 2026

Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.

Advisor moves: LPL lands $350M veteran advisor duo in Florida
Advisor moves: LPL lands $350M veteran advisor duo in Florida

Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.

SEC accuses crypto firm founder of running $425 million Ponzi scheme
SEC accuses crypto firm founder of running $425 million Ponzi scheme

It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.

MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products
MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products

Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.

Fintech bytes: Wealth tech firms target advisor productivity with new integrations
Fintech bytes: Wealth tech firms target advisor productivity with new integrations

Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income