M and A

United Capital Strengthens New England Presence

Eliane Chavagnon Editor September 8, 2016

United Capital Strengthens New England Presence

United Capital Financial Advisors is taking under its wing the private client arm of Wesport Resources Management.

United Capital Financial Advisers has added around $373 million in assets under management through its latest acquisition in Connecticut.

The firm has acquired the private client group of Westport Resources Management, an RIA that serves clients across the northeast region of the US.

The group will be renamed as Westport Resources, a division of United Capital. The firm’s chief executive and founder, John Vaccaro, has joined United Capital as a managing director.

Westport Resources Investment Services, an affiliate of Westport Resources, will continue to operate as a separate entity.

United Capital has some $16.8 billion in AuM and 80 offices nationwide.

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes