The acquisitions have brought in businesses with a combined total of $758 million in assets under management.

United Capital Financial Advisers (aka United Capital), the wealth management firm, has acquired three advisory firms with combined client assets of $758 million. The acquired firms are Jensen Wealth Advisors, based in Palm Desert, California; Compass Wealth Advisors, based in Elkhart, Indiana; and Asset One, with offices in Colorado and Mandeville, Louisiana. 

Financial terms of the acquisitions weren’t disclosed.

Jensen Wealth Advisors was founded in 1977 by Erik Jensen, CFP, who will stay on at United Capital as a managing director. Jensen has served as president and principal advisor of his firm since its inception. The firm works with 180 families and manages $145 million in client assets. He will be joined by wealth manager Phil Tanner at United Capital.

Compass Wealth Advisors holds $210 million in assets under management while serving more than 450 families. Greg Schoenfeld, CFP, owner and CEO, will become a MD at United Capital. 
 
Asset One, founded in 1994, has $403 million in assets under management and serves more than 550 families. Thomas Baumler, CFP, CEO of Asset One, will be among four managing directors joining United Capital, along with two wealth managers.

Today, United Capital has about $19.3 billion in assets under management and 84 offices nationwide.