United Capital CEO Joe Duran.
United Capital says it has acquired two RIAs with over $800 million in combined assets under management: Irongate International of Moline, Illinois, and Peachtree Investment Advisors of Atlanta.
Terms of the purchases were not disclosed.
"These acquisitions validate our vision of financial life management," according to United Capital founder and CEO Joe Duran. "Irongate and Peachtree understand the best and greatest use of their time is to help their clients come to grips with the highly complex, big picture issues that touch every aspect of their financial lives."
Started in 2001, Irongate manages $455 million in assets and has nine employees; Tony Carpita, Ted Baker and Tait Johnson join United Capital as managing directors, and founder Patrick Trimble will stay with the team through the move.
Peachtree, based in Atlanta's Buckhead, went into business in 2006 and has four employees; partners Michael Wolf, Wesley French and Mark Stancil will serve as managing directors and should bring about $345 million in managed assets when they transition.
