United Capital Financial Advisors Acquires Apexium Financial
The acquisition adds more than $4 billion in assets under management to United Capital, an affiliate of Creative Planning.
United Capital Financial Advisors LLC, a registered investment adviser and affiliate of Creative Planning LLC, announced Tuesday the acquisition of Apexium Financial L.P., an RIA with more than $4 billion in assets under management across corporate solutions and private wealth.
As part of the acquisition, United Capital is gaining Apexium’s team and offices in the Northeast, Mid-Atlantic and Southwest.
Led by managing partners Robert Brown, Cory Chmelka and Matthew Marcello, Apexium’s retirement plan services include fiduciary support, plan design, provider benchmarking and plan participant education resources. According to the firm’s website, it is affiliated with Retirement Plan Advisory Group, which in turn was acquired by Great Gray Trust Co. LLC in February.
The managing partners of Apexium released a statement that their decision to join United Capital was “driven by our shared goal of providing a more personalized approach for our clients’ financial strategies,” adding that they will gain access to United Capital’s wealth management suite, including estate planning, income tax planning, investment services, business-specific services and insurance.
Creative Planning, an independent wealth management firm, acquired the United Capital Financial Partners Inc. division from Goldman Sachs in August 2023, as Goldman Sachs announced a pivot to ultra-high-net-worth clients and providing third-party services to the consolidating RIA space.
Last month, Creative Planning acquired SageView Advisory Group, another RIA which had $640 billion in total client assets as of September 30.