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United Capital Reveals Its First Acquisition Of 2015
United Capital Financial Advisers has acquired Rayner & Haynor Investment Counselors, an advisory firm based in Mill Valley, CA.
United Capital Financial Advisers has acquired Rayner & Haynor Investment Counselors, an advisory firm based in Mill Valley, CA.
Rayner & Haynor was founded in 1977 by Arno Rayner and Charles Haynor has been president since 1999. The firm currently works with 83 households, averaging 2.5 accounts per household and managing approximately $185 million in client assets.
Haynor joined in 1990 as an intern and subsequently earned his college degree, CFA and MBA, before Rayner retired in 2007 and became a board member through 2010.
Haynor will become a managing director at United Capital, while his employees Hugh Ogilvie, a portfolio manager, and Deborah Hunt, an office administrator, will join in similar capacities.
“Having already gone through a business succession by slowly buying ownership of Rayner & Haynor over the years, I’ve gained a true understanding of the importance of continuity for clients and employees alike,” Haynor said.
Last month, Ellis & Ellis, an advisory firm based in The Woodlands, TX, joined the United Capital partnership, representing the firm's seventh office in Texas and its 50th nationwide.
Click here for a recent interview with United Capital.
