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Thursday, Apr 23, 2026

United Capital Buys 3 Firms

United Capital Financial Advisers LLC of Newport Beach said it bought three wealth advisory firms with a combined $758 million in assets under management and offices in four states.

The firms are Jensen Wealth Advisors of Palm Desert, with $145 million in assets, Compass Wealth Advisors of Elkhart, Indiana, with $210 million, and Asset One LLC, with offices in Colorado and Mandeville, Louisiana, and $403 million in assets.

United Capital will employ as managing directors Erik Jensen, who founded Jensen Wealth Advisors in 1989, and Greg Schoenfeld, owner and chief executive of Compass Wealth Advisors.

Asset One Chief Executive Thomas Baumler will be among four managing directors joining United Capital, along with two wealth managers.

United Capital, led by Joe Duran, is a registered investment adviser with $19.3 billion in assets under management and 84 offices nationwide.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.

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