Merchant-Backed Legacy One to Merge with USCA RIA

U.S. Capital Advisors is merging its wealth management business with Legacy One Financial Advisors to create a Texas registered investment advisor with $5.6 billion in assets under management.

The transaction combines USCA RIA, which has $4.28 billion in assets under management, and the smaller Legacy One Financial, which has about $1.4 billion, to form U.S. Capital Wealth Advisors, or USCWA, based in Houston. USCWA will have a combined 95 employees and target the high and the ultrahigh net worth marketplace.

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