DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Union Capital Company
Latest filing Aug 27, 2026
First filing on the tape Apr 27, 2021 · 13 filings
SEC status approved since May 26, 2021
RAUM
$150M
reported, Item 5.F
Discretionary
2.0%
of RAUM
Private clients
100%
$150M individuals and HNW
Advisors
9
registered through the firm on IAPD
RAUM per advisor
$16.7M
derived; firm RAUM over IAPD count
Employees
13
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$150M as of Aug 27, 2026
Mar 31, 2022$151M then
HNW client RAUM$77.0M as of Aug 27, 2026
Mar 31, 2022$30.0M then
State-registered IARs (5.B.3)12 as of Aug 27, 2026
Mar 31, 202218 then
Employees (5.A)13 as of Aug 27, 2026
Mar 31, 202227 then
Private funds: no history
RAUM -15% over the last fiscal year+2.3% a year over threeIARs 14 to 12
Practice profile
derived from the filing of Aug 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $16.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 46derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.0MderivedHNW RAUM over HNW clients
- Average account
- $362,319derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 2.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.4derivedItem 5.A over advisors
- Advisors per office
- 9.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -14%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -20%derived
- Compensation
- percentage of assets, commissionsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, selection of other advisersreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is a broker-dealer (6.A.1)
- is an insurance broker or agent (6.A.6)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$77.0M51%
- Individuals$73.0M49%
- Individual clients
- 388reported
- HNW clients
- 26reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 414reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, commissionsreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=13.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Francisco B Almada | Tucson, Az | Apr 11, 2007 | 39 y | 0 |
| Larry Roy Friedenberg | Tucson, Az | Jul 13, 2007 | 40 y | 1 |
| Joseph Francis Bodkin | Tucson, Az | Dec 4, 2007 | 45 y | 0 |
| Kevin Michael Brown | Poland, Oh | Jan 6, 2016 | 25 y | 2 |
| Edward Thomas Carpenter | Tucson, Az | Apr 19, 2017 | 35 y | 1 |
| Steven Rand Hill | Tucson, Az | May 1, 2017 | 25 y | 0 |
| Richard Bruce Sladek | Incline Village, Nv | Jul 9, 2018 | 59 y | 1 |
| Joseph Eberle | Tucson, Az | May 28, 2021 | 39 y | 2 |
| Samuel David Almada | Tucson, Az | Dec 12, 2025 | 15 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 11% of current headcount4 left over 36 months
Left, latest
- Noemi Lopez Ortega to Advisory Solutions GroupMay 22, 2026 · RIA to a newly registered adviser
- Kevin William Mcbarron to LPL Financial LLCApr 3, 2025 · RIA to affiliated broker-dealer or bank
- Charles Anderson Cumber to Simplicity WealthFeb 5, 2025 · Other
- Karen Ann Koenig to Wealthcare Advisory Partners LLCFeb 12, 2024 · RIA to RIA
- Francisco B Almada to Fidelity Personal And Workplace AdvisorsJun 5, 2023 · RIA to affiliated broker-dealer or bank
- William Paul Fauzio to Vanderbilt Advisory ServicesMar 28, 2023 · RIA to affiliated broker-dealer or bank
- Peter Francis Stratton to Independent Financial Group, LLCDec 27, 2018 · RIA to affiliated broker-dealer or bank
- Jerome Van Leftwich to Jim Poe And Associates Inc.Oct 5, 2012 · Other
- Jason Gregory Smith to Voya Financial Advisors, Inc.Mar 16, 2011 · Other
Joined, latest
- Karen Ann Koenig from Edward JonesJun 1, 2021 · Affiliated broker-dealer or bank to independent RIA
- Joseph Eberle from Calton & Associates, Inc.May 28, 2021 · RIA to RIA
- William Paul Fauzio from Capital Financial Services, Inc.Jul 30, 2019 · RIA to RIA
- Richard Bruce Sladek from Merrill Lynch, Pierce, Fenner & Smith IncorporatedJul 9, 2018 · Wirehouse to independent RIA
- Charles Anderson Cumber from Integrity Alliance, LLCMay 4, 2018 · Other
- Edward Thomas Carpenter from Pnc Managed Account Solutions, Inc.Apr 19, 2017 · Other
- Peter Francis Stratton from 1st Global Advisors IncOct 13, 2016 · Other
- Kevin Michael Brown from Stonex Advisors Inc.Jan 6, 2016 · Other
- Kevin William Mcbarron from Msi Financial Services, Inc.Dec 21, 2015 · Other
- Jerome Van Leftwich from Chase Investment Services Corp.Jul 13, 2011 · Other
- Jason Gregory Smith from Merrill Lynch, Pierce, Fenner & Smith IncorporatedOct 7, 2009 · Wirehouse to independent RIA
- Noemi Lopez Ortega from LPL Financial LLCDec 4, 2007 · Other
- Larry Roy Friedenberg from Securities America Advisors, Inc.Jul 13, 2007 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Francisco B Almada · Dp/Finop/Chief Compliance Officer/President/Secretary/Directorcontrolsince 12/1999 · owns less than 5%
- Joseph Francis Bodkin · Director, Dpcontrolsince 10/2000 · owns less than 5%
- Francisco B Almada · Director/President/Secretary/Shareholdercontrolsince 11/2002 · owns 50% to 75% of Union Capital Holdings, Corp.
Entity owners
- Union Capital Holdings, Corp. · Parent Company/Owner/Shareholderdirect · owns 75% or more
Related persons
Schedule D 7.A
- Alamos Capital, LLCinvestment advisernRAUM $1.0M
Advisers that list Union Capital Company as a related person
- 332985 n
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Tucson, Az · principal | 9 | 1 | 0 | ||
| Bakersfield, Ca | 0 | 0 | 1 | ||
| Surprise, Az | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 30, 2026HNW share of RAUM moved from 19.0% to 51.0% between the annual amendments of 2025-03-31 and 2026-03-30peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 517 to 414Mar 31, 2025 to Mar 30, 2026
- Advisory employees · 12 to 11Mar 31, 2025 to Mar 30, 2026
- BD registered reps · 17 to 13Mar 31, 2025 to Mar 30, 2026
- HNW clients · 39 to 26Mar 31, 2025 to Mar 30, 2026
- Individual clients · 478 to 388Mar 31, 2025 to Mar 30, 2026
- Employees · 17 to 13Mar 31, 2025 to Mar 30, 2026
- State-registered IARs · 14 to 12Mar 31, 2025 to Mar 30, 2026
- Discretionary RAUM · $29.0M to $3.0MMar 31, 2025 to Mar 30, 2026
- HNW RAUM · $33.0M to $77.0MMar 31, 2025 to Mar 30, 2026
- Individual RAUM · $144M to $73.0MMar 31, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $148M to $147MMar 31, 2025 to Mar 30, 2026
- RAUM · $177M to $150MMar 31, 2025 to Mar 30, 2026
- Accounts · 526 to 517Dec 11, 2024 to Mar 31, 2025
- Advisory employees · 14 to 12Dec 11, 2024 to Mar 31, 2025
- BD registered reps · 20 to 17Dec 11, 2024 to Mar 31, 2025
- HNW clients · 24 to 39Dec 11, 2024 to Mar 31, 2025
- Individual clients · 502 to 478Dec 11, 2024 to Mar 31, 2025
- Employees · 23 to 17Dec 11, 2024 to Mar 31, 2025
- Financial planning clients · unset to Dec 11, 2024 to Mar 31, 2025
- Discretionary RAUM · $34.0M to $29.0MDec 11, 2024 to Mar 31, 2025
- HNW RAUM · $37.0M to $33.0MDec 11, 2024 to Mar 31, 2025
- Individual RAUM · $143M to $144MDec 11, 2024 to Mar 31, 2025
- Non-discretionary RAUM · $146M to $148MDec 11, 2024 to Mar 31, 2025
- RAUM · $180M to $177MDec 11, 2024 to Mar 31, 2025
- Related adviser · false to trueMar 24, 2024 to Oct 10, 2024
- Accounts · 550 to 526Aug 4, 2023 to Mar 24, 2024
- Advisory employees · 18 to 14Aug 4, 2023 to Mar 24, 2024
- BD registered reps · 25 to 20Aug 4, 2023 to Mar 24, 2024
- HNW clients · 20 to 24Aug 4, 2023 to Mar 24, 2024
- Individual clients · 530 to 502Aug 4, 2023 to Mar 24, 2024
- Employees · 27 to 23Aug 4, 2023 to Mar 24, 2024
- State-registered IARs · 18 to 14Aug 4, 2023 to Mar 24, 2024
- Discretionary RAUM · $23.0M to $34.0MAug 4, 2023 to Mar 24, 2024
- HNW RAUM · $23.0M to $37.0MAug 4, 2023 to Mar 24, 2024
- Individual RAUM · $117M to $143MAug 4, 2023 to Mar 24, 2024
- Non-discretionary RAUM · $117M to $146MAug 4, 2023 to Mar 24, 2024
- RAUM · $140M to $180MAug 4, 2023 to Mar 24, 2024
- Accounts · 529 to 550Mar 31, 2022 to Mar 30, 2023
- Individual clients · 499 to 530Mar 31, 2022 to Mar 30, 2023
- Discretionary RAUM · $25.0M to $23.0MMar 31, 2022 to Mar 30, 2023
Signals
7 dated events
- Noemi Lopez Ortega left Union Capital Company for Advisory Solutions Group (registered 2026-05-01)May 22, 2026 · Advisor changed firm · fact
- Kevin William Mcbarron left Union Capital Company for Lpl Financial Llc (registered 2025-03-17)Apr 3, 2025 · Advisor changed firm · fact
- Charles Anderson Cumber left Union Capital Company for Simplicity Wealth (registered 2025-02-12)Feb 5, 2025 · Advisor changed firm · fact
- Karen Ann Koenig left Union Capital Company for Wealthcare Advisory Partners Llc (registered 2024-02-02)Feb 12, 2024 · Advisor changed firm · fact
- Francisco B Almada left Union Capital Company for Fidelity Personal And Workplace Advisors (registered 2023-08-09)Jun 5, 2023 · Advisor changed firm · fact
- William Paul Fauzio left Union Capital Company for Vanderbilt Advisory Services (registered 2023-03-29)Mar 28, 2023 · Advisor changed firm · fact
- Union Capital Company filed its initial SEC registration (Form ADV)Apr 27, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 520-664-2001reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 520-664-2002reportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 800-261-9344reportedpublished by the firm, firm site, Sep 17, 2026
- Website
- UNIONCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 520-664-2001reportedpublic record, Form ADV, Aug 27, 2026
- Contact form
- unioncapital.com/contactreportedpublished by the firm, firm site, Sep 17, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $16.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026