United Capital Financial Advisers has acquired Rayner & Haynor Investment Counselors, a three-person firm in northern California with $185m assets under management.
Rayner & Haynor president Charles Haynor will become a managing director at United Capital.
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While, portfolio manager Hugh Ogilvie will join United Capital in a similar role to the one he held at Rayner & Haynor.
Rayner & Haynor, which was founded in 1977 by Arno Rayner, will be rebranded as a United Capital firm by the end of the year.
The acquisition will bring the total number of United Capital’s offices in California to 11.
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