United Advisors America

CRD#147350
Investment Advisor Firm

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Overview

United Advisors America is located at 290 S Preston Road, Prosper, TX. The firm employs 26 financial advisors to manage client portfolios and provide financial guidance. United Advisors America is not a registered broker-dealer.

United Advisors America oversees $260.2 million in assets under management across 2,249 accounts, of which 2,134 are discretionary and 115 are non-discretionary. Over the past year, the firm has provided financial planning services to between 1 and 10 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and pension consulting services. The firm caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The fee structure at United Advisors America is asset-based. The firm has 60 high net worth clients and maintains affiliations with an insurance company or agency.

United Advisors America is registered in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia, Washington, and Wisconsin.

Assets Under Management

$260.2 million

Number of Advisors

26

Disclosures

No

Office Location

290 S Preston Road
Prosper, TX 75078

United Advisors America by the Numbers

Total Assets Under Management

$260.2 million

National Average: $8.6 billion
Total Number of Employees

27

National Average: 64
Total Number of Accounts

2,249

National Average: 375,227
Average Account Size

$115.7 thousand

National Average: $23.0 thousand
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Products and Services

United Advisors America provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses, and pension consulting services. In the past fiscal year, United Advisors America provided 45301 of its clients with financial planning services. The Company is not engaged in selling products or offering services other than investment advisory services to its investment advisory accounts.

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

Fees for financial advice largely are based on which services are offered. Fees billed by United Advisors America typically consist of the following fee type: asset-based.

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

The firm works with retail investors and high net worth investors. Out of its 2 clients, United Advisors America's largest client type by number of accounts is retail investors, but it also serves 60 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

  • High-Net-Worth Individuals* - 3.45%
  • Other Individuals - 96.55%
  • 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

Thomas Barten
Bloomington, MN
Scott Waechter
Mukwonago, WI
Alan Carlson
St. Paul, MN
Kevin Mahony
Atlanta, GA
Michael Dougherty
Prosper, TX
Ashley Daniel
Bradenton, FL
Glen Fuller
Prosper, TX
Brian Lamone
Kansas City, MO
Dalton Matkovich
Kronenwetter, WI

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The content in this profile was updated by SmartAsset on 6/19/2024. 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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