United Capital CEO Joe Duran.

United Capital Financial Advisers announced the asset acquisition of Payne Wealth Partners, an Evansville, Indiana-based firm with about $530 million in assets under management and 13 employees.

This is United Capital‘s largest acquisition in 2017.

Taylor Payne, president of Payne Wealth Partners, will join United Capital as a managing director.

Payne founded Payne Wealth Partners in 1989 as a fee-only investment manager. As more clients started seeking advice and guidance beyond the realm of investing, the firm evolved and Payne earned his Certified Financial Planner cdesignation in 1991, marking the start of his firm’s transformation.

“With my CFP, I started down the road to help clients more completely, and we’ve been on that road ever since,” Payne said in a statement.

Payne Wealth Partners’ staff of 13 services the wealth and financial lives of approximately 300 households.

According to Matt Brinker, chief business development officer and head of acquisitions at United Capital, “the client-first culture of Payne Wealth Partners aligns with our principles of financial life management.”

When United Capital approached the firm, Payne and his team were eager to try out United Capital’s financial life management tools like Money Mind, Honest Conversations and the Guidebook.

Payne said the firm decided that United Capital’s institutional support, as well as their “groundbreaking financial life management resources,” are the best tools and the best way forward for their clients.

This has been a big year for United Capital: It passed the $20 billion AUM threshold and welcomed advisors managing a combined $8.18 billion to the FinLife Partners financial life management operating system.

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