Type Private Area served Worldwide Founders Bob Doede, Joe Duran | Industry Financial services Founded 2005 | |
Headquarters Newport Beach, California, United States Key people Joe Duran, CEO and co-founder, Bob Doede, Chairman and co-founder Services Financial life management, investment management Subsidiaries PRI Investments Inc, MarketSpace Financial, Inc. | ||
United Capital Financial Advisers, LLC ("United Capital") is a national financial management firm headquartered in Newport Beach, California. It has 74 offices in the United States and manages $15 billion in assets. United Capital was founded by CEO Joe Duran. Private-equity firms Bessemer Venture Partners and Grail Partners LLC own approximately 40 percent of United Capital while employees and managers own the remaining. United Capital has described itself as an early adopter among finance companies of behavioral finance. In 2015, United Capital began describing its services as "financial life management", to emphasize the difference from wealth management.
Contents
United capital of san francisco
History
United Capital was founded in 2005 as a national network of independent advisory firms. The company was initially founded, financed and developed by Duran and his business colleagues. By 2010, United Capital by over 150 employees and $30 million in revenue. By 2008, following several acquisitions of investment advisory firms such as Maul Capital Management, Integrated Financial Management, and Trevethan Capital Partners, United Capital was operating with 47 offices and 350 employees. The company made its largest acquisition in 2012 when it acquired Zirkin, a $1.6 billion firm that was previously part of M&T Bank.