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United Capital Enters South Carolina
Eliane Chavagnon
10 August 2015
United Capital Financial Advisors has acquired the assets of South Carolina-based McDonald, Cox & Klugh in a move adding $415 million and a total of 12 employees. McDonald, Cox & Klugh has two offices: one in Seneca – known as The Investment Center – and the other in Anderson, which operated as McDonald, Cox & Klugh. Thomas McDonald, Brandon Cox and Arthur Klugh will join United Capital as managing directors in Anderson. Jim Charbonneau, a senior wealth advisor, and Taber Brown, a wealth advisor, will oversee the Seneca office. Others are joining the firm in roles across financial guidance, operations and relationship management. United Capital has around $15 billion in assets under management and 77 offices around the US. Last month, the firm hired six from StanCorp Investment Advisers that brought with them over $574 million in AuM and opened five new offices .