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As of Thu 5/25/2017 3:37:00 PM | USD
Prudential Financial, Inc. Announces First Quarter 2017 Results
The deal in Westport, Conn., builds on the RIA's presence in New England.
Advisory firm United Capital has acquired FlexScore, an online platform that produces a single number to represent a consumer's financial health.
United Capital Financial Advisers has acquired two firms, Bedrock Capital Management in Los Altos, Calif., and Harvest Group Financial Services Corp. in Pennsylvania.
Deals include Maryland firm with a $1.1 billion retirement plan practice.
After acquiring several investment advisers over the past decade, Stancorp decided to sell its private client group.
To continue its expansion in Atlanta, United Capital announced Monday it bought the majority of the assets of Atlanta-based PPA Advisors.
The acquisition comes just nine days after United Capital acquired an Atlanta wealth manager and is the latest example of the firm's aggressive, Starbucks-inspired expansion strategy.
United Capital's acquisition of Virginia-based c5 follows on the heels of its July 1 announcement that it has acquired Georgia-based PPA Advisors.
"What we ... know is that there are a lot of advisors who think their entire value is wrapped around they're delivering advice to clients and telling them how it's going to work out,," Joe Duran, the CEO of United Capital said. "But the reality is that we don't believe that's the future."