United Advisors America Corporation (Frisco)

Name: United Advisors America Corporation
Address: 4645 Wyndham Lane, Frisco, TX, 75033
Telephone: 469-287-5095

United Advisors America Corporation is a multi-state adviser based in Frisco. It manages $48.5 million of regulatory assets for 643 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Arkansas, Florida, and 16 other states.

United Advisors America Corporation provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

United Advisors America Corporation: assets under management

The assets under management (AUM) of United Advisors America Corporation is $48.5 million. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.4 million in discretionary accounts and $23.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $77.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $72.87 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay United Advisors America Corporation for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard Lynn Follett serves?

The only and largest group of clients of Richard Lynn Follett is individuals with 476 clients and $48.5 million of assets under management. Among the 1 most similar advisory firms, United Advisors America Corporation has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $48.5 million for 476 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

United Advisors America Corporation doesn't advise any private funds.

Careers at United Advisors America Corporation

The company employs 23 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 23 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Lynn Follett has been acting as President since 1 Jul 2015. Richard L Follett joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Follett Financial Holdings	Direct owner	1 Jul 2008	75% - 100%	26-3033387
Richard Lynn Follett	Vice president and secretary	1 Sep 2008	Other	2729084
Richard Lynn Follett	Chief compliance officer	1 Sep 2014	Other	2729084
Richard Lynn Follett	President	1 Jul 2015	Other	2729084

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard L Follett	Member	1 Jul 2008	25% - 50%	4031384
James Kevin Boyles	Member	1 Jul 2008	25% - 50%	2402940
Beau R Follett	Member	1 Jul 2008	25% - 50%	4031551
Richard Lynn Follett	Member	1 Jul 2008	25% - 50%	2729084

Based in Frisco

The principal office where United Advisors America Corporation performs its advisory services is located at 4645 Wyndham Lane, Frisco, TX 75033, which is also the mailing address of the firm. An additional office of the firm is in Schaumburg, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 469-287-5095. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at unitedadvisors.com.