One of the country's largest RIA aggregators, United Capital acquired its 50th firm, Ellis & Ellis of Woodland, Texas, with $500 million in AUM.
In wooing the team, United Capital told Ellis & Ellis founder Byron Ellis that he could expect to grow his firm by as much as a third, in joining the larger firm, says Matthew Brinker, United Capital's senior vice president of partner development and acquisitions. The firm left independent broker-dealer Ameriprise to join United Capital. United Capital acquires all of its firms outright.
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