United Capital Financial Advisers (UCFA) has purchased Philadelphia-based financial planning firm, Vantage Point Advisors, Reuters reports. Financial terms of the deal were not disclosed, but California-based UCFA will add over $170 million under management in fee-based assets. UCFA is seeking to add between $1.5 billion and $2 billion of assets through acquisitions this year in Atlanta, Denver, New York, Los Angeles, Phoenix, St Louis and Portland, Oregon. The company, with more than $13 billion in assets under advisement and 29 offices, has acquired 34 investment advisers since its formation in 2005.
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