United Advisors America

CRD#147350
Investment Advisor Firm

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Overview

United Advisors America operates as an advisory company based in Prosper, Texas. United Advisors America administers $193.7 million in total assets over 1,893 customer accounts, placing it in the mid-tier of financial advisory firms in the nation by assets under management (AUM). The firm has a small group, including 27 financial advisors. United Advisors America is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like bonds, equities and options.

United Advisors America manages most of the firm's accounts in a discretionary manner. Discretionary management signifies that buy and sell decisions for the client's account are made by an investment advisor without needing client permission. The firm also has 126 non-discretionary accounts totaling $13.8 million in AUM. The firm supervises about $102,309 in assets for every client account. The typical advisor at United Advisors America manages about 70 client accounts, placing it towards the middle in terms of personalization.

The company's headquarters is at 290 S Preston Road, Prosper, Texas 75078. The firm is permitted to provide services to clients across 24 U.S. states and territories.

Assets Under Management

$193.7 million

Number of Advisors

27

Disclosures

No

Office Location

290 S Preston Road
Prosper, TX 75078

United Advisors America by the Numbers

Total Assets Under Management

$193.7 million

National Average: $8.6 billion
Total Number of Employees

28

National Average: 64
Total Number of Accounts

1,893

National Average: 375,227
Average Account Size

$102.3 thousand

National Average: $23.0 thousand
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Products and Services

United Advisors America offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the past financial year, the company provided financial planning services to 1-10 of its clients. The firm does not sell products or offer services other than investment advice to its investment advisory accounts. The firm is affiliated with a number of other companies in the financial services industry, including with an insurance company or agency.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Financial advisory fees typically depend on which services the firm provides the client. Fees charged by the firm typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

United Advisors America works with retail investors and high net worth investors. Out of its 1,893 customers, United Advisors America's largest client type by number of accounts is retail investors, though it also manages money for 58 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 3.93%
  • Other Individuals - 96.07%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

United Advisors America does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at United Advisors America

Aristotle Mcdonald
Prosper, TX
Thomas Barten
Bloomington, MN
Kevin Mahony
Atlanta, GA
Alan Carlson
St. Paul, MN
Gregory Callender
Prosper, TX
Glen Fuller
Prosper, TX
Ashley Daniel
Bradenton, FL
Aubrey Paganelli
Prosper, TX
Michael Dougherty
Prosper, TX

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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