Newport Beach-based United Capital Financial Advisers LLC has acquired FlexScore, a financial technology product designed to help customers.
United Capital is a wealth manager with about $15 billion in assets under management, and 81 offices and about 550 employees nationally under Chief Executive Joe Duran.
FlexScore evaluates customers’ income, debt and investments and generates a numerical rating, up to a score of 1,000, to help people understand their level of financial independence and where future actions might be directed.
FlexScore can then provide advice to help people improve their score and financial situation based on the information and assessment.
The technology is also part of the movement in financial services called “finovate,” which seeks to find and use “financial innovations” to add client services.
FlexScore, the company, received about $4.7 million in three funding rounds since its founding in September 2012, according to CrunchBase.
United Capital in November bought two financial services companies that at the time added about $1.4 billion in assets under management to its fold. In 2015 it showed annual revenue of about $112 million, up 65% over a two-year span.