United Capital has acquired c5 Wealth Management in Great Falls, Va., continuing the firm’s expansion in East Coast markets, United Capital announced Wednesday.
The RIA, based outside Washington, D.C., brings $300 million in assets under advisement to United Capital, which has a total of $17 billion in assets under advisement.
C5 Wealth Management founders Paul Bennett and Stanley Corey will join United Capital Financial Advisors as managing directors. The firm serves wealthy families and individuals, trusts, corporate retirement and pension funds, and foundations.
United Capital will take over the administrative work for C5 Wealth Management. The two founders and their staff of five plan to expand their operations in Northern Virginia.
United Capital, based in Newport Beach, Calif., also recently announced the acquisition of PPA Advisors Inc. in Atlanta, Ga., as part of its East Coast expansion.