United Capital Financial Advisers’
parent company, United Capital Financial Partners, has received $38 million in
growth capital, led by a $30 million investment from private investment firm
Sageview Capital.

Bessemer Venture Partners and
Grail Partners, who invested in UCFP’s prior rounds of equity financing, are also
investing in this transaction.

The firm said it will invest
the new capital in marketing and branding, including the development of new
lead generation and service models, while continuing to recruit advisors and
making “targeted acquisitions” to expand its geographic footprint. A portion of
the funding will also provide liquidity to existing advisor partners, it added.

Established in 2005, United
Capital has 47 offices in the US; the firm has $9 billion in assets under management and an additional $9 billion under
advisement through its pension consulting affiliate.

In other recent news, earlier this month UCFA acquired a Scottsdale, AZ-based wealth management firm called Brotherton
Investment Consultants, in a move adding some $150 million in assets under
advisement.