Wealth manager, public-company owned · Irving, TX
United Capital Financial Advisors
United Capital Financial Advisors, LLC · SEC-registered investment adviser · CRD 134600 · SEC 801-64376
At a glance
United Capital Financial Advisors is an SEC-registered investment adviser based in Irving, Texas, with $25B in regulatory assets under management as of its Form ADV filed June 15, 2026. It reports 24,837 individual clients, 1,937 of them high-net-worth, holding an average of about $0.8 million each, and 289 employees. That ranks it 41st among the nation’s 5,657 independent wealth management RIAs and 3rd of 367 in Texas. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 972-822-2055unitedcapitalwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $25B
- Rank among independent wealth managers
- #41 of 5,657
- Rank among all SEC RIAs
- #749 of 17,210
- Rank in Texas
- #3 of 367
- Individual clients
- 24,837
- High-net-worth clients
- 1,937
- Accounts
- 45,106
- Discretionary
- 91% of AUM
- Employees
- 289
- Advisory staff
- 162
- Offices
- 47
Owners and executives on its Form ADV
- James F. RiversPresident
- Sonja L. LarimoreChief Compliance Officer
- Robert A. MlenekChief Financial Officer
- Jonathan D. SeilerHead of Operations
- Brian M. McDowellChief Investment Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
United Capital Financial Advisors is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,937 | $11B | 45% |
| Individuals | 22,900 | $9.6B | 39% |
| Corporations or other businesses | 331 | $1.8B | 7% |
| Pension and profit sharing plans | 223 | $1.2B | 5% |
| Other investment advisers | 5 | $669M | 3% |
| Charitable organizations | 114 | $407M | 2% |
Disciplinary disclosures
United Capital Financial Advisors answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗unitedcapitalwealth.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Rank against 177 peers of its type and size
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- 5 namedLocked
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Texas
All of Texas →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Fisher InvestmentsPlano | $387B | 199,061 |
| Kestra Advisory Services, LLCAustin | $80B | 115,285 |
| Kestra Private Wealth Services, LLCAustin | $13B | 19,977 |
| Hub Investment Partners, LLCAustin | $12B | 5,446 |
| Americana Partners, LLCHouston | $9.1B | 1,627 |
| Sendero Wealth Management, LLCSAN Antonio | $6.5B | 331 |
Compare United Capital Financial Advisors with
- United Capital Financial Advisors vs Arax Advisory Partners $27B · New York, NY
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- United Capital Financial Advisors vs Integrated Wealth Concepts LLC $24B · Waltham, MA
- United Capital Financial Advisors vs Oxford Financial Group, LTD $23B · Carmel, IN
- United Capital Financial Advisors vs Kestra Advisory Services, LLC $80B · Austin, TX
Background
Questions
How much does United Capital Financial Advisors manage?
United Capital Financial Advisors reports $25B in regulatory assets under management across 45,106 accounts, 91% of it on a discretionary basis, on its Form ADV filed June 15, 2026.
How many clients does United Capital Financial Advisors have?
It reports 24,837 individual clients: 1,937 high-net-worth individuals and 22,900 other individuals. Individuals account for about 84% of its regulatory assets.
Where is United Capital Financial Advisors headquartered?
Its main office is in Irving, Texas. It reports 47 offices in total and 289 employees, 162 of whom perform investment advisory functions.
How does United Capital Financial Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does United Capital Financial Advisors use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed June 15, 2026, it reports these amounts held: Charles Schwab ($14B); Fidelity ($8.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is United Capital Financial Advisors a hybrid RIA with a broker-dealer?
United Capital Financial Advisors is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is United Capital Financial Advisors a fiduciary?
As an SEC-registered investment adviser, United Capital Financial Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 26 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is United Capital Financial Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-15), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →