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Nationwide US Wealth Counselling Firm Acquires Florida Business

Tom Burroughes Group Editor 17 May 2012

Nationwide US Wealth Counselling Firm Acquires Florida Business

United Capital Financial Advisers, the US private wealth counselling firm, said yesterday it has acquired Steven L Pomeranz Financial Management, based in Boca Raton, Florida. The latter firm holds around $200 million in assets under management and 140 family relationships.  

The financial size of the acquisition was not disclosed.

Steven Pomeranz, who is president of the eponymous business, has been in the industry since 1981, opening his firm in 1996. He is also the creator and host of a successful radio show, “On the Money! with Steve Pomeranz,” which airs on multiple stations including WPBI and WLRN, public radio affiliates for South Florida and in four other states.   

Pomeranz will continue with his radio show, and the program will feature segments that advance the availability of United Capital’s proprietary systems Honest Conversations® and the Money Mind™ Analyzer.  an advertising campaign will launch in select markets across the country before a planned national rollout of the radio show.

“Steve’s radio show allows us to create an additional growth strategy for our firms around the country.  We believe this partnership represents a massive opportunity to take what Steve has built and combine it with United Capital’s offering for a national program,” Jason Del Col, senior vice president of advisory services, said in a statement.

As a result of the acquisition, United Capital has 38 offices located around the US.   As of April 1, United Capital and its affiliates had $14 billion in assets under advisement.

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