United Capital Financial Advisers has acquired the majority of assets from c5 Wealth Management, a full-service RIA based in Great Falls, VA.

Founders Paul Bennett and Stanley Corey join as managing directors of c5 Wealth Management, a division of United Capital. With some $300 million in assets under advisement, the firm serves wealthy families and individuals, trusts, corporate retirement/pension plans and foundations.

“By reducing our back-end office needs, we will have more time to connect with clients. Our clients span multiple generations and with United Capital’s resources and support, we know we are going to thrive for years to come and meet the expectations for our diverse client set,” Bennett said.

Bennett and Corey, along with their staff of five, plan to expand their advisory team in northern Virginia, the firm said.

Bennett has over 24 years of experience and Corey has over 33 years in the industry; the two founded c5 in 2006 by merging their independent RIAs.

The news comes a few weeks after United Capital reinforced its presence in the Southeast by acquiring the majority of the assets of Atlanta, GA-based PPA Advisors (view here).

"We are executing our growth strategies via acquisitions and organic measures. We’ve put together an experienced team of recruiters and they have delivered a strong deal pipeline of firms and advisors, we’ve made multi-million dollar investments annually in our brand, marketing and other growth programs," Matt Brinker, senior vice president of partner development and acquisitions, told Family Wealth Report. 

United Capital and its affiliates has some $17 billion in assets under advisement, as at end-March.