Capital One has announced that it has acquired Flourish portfolio company United Income, a wealth management software company based in Washington, D.C. The deal closed on July 31, 2019. This acquisition builds on a 2018 investment Capital One made in United Income.
United Income’s money management solution aims to extend the life and potential of money by utilizing new data and technology. The firm has broken new ground with its innovations, which include: the fusion of financial planning and investment management into a single platform; personalized reports that review the company’s impact on lowering customers’ taxes, increasing the value of retirement benefits and boosting investment returns; and the forecasting of potential future life events that impact wealth.
“Capital One’s customer-focused mission and rigorous management approach were inspirations for us while we were building United Income, and we are excited to build upon that mission as part of Capital One.” said Matt Fellowes, Founder and CEO of United Income.
For the full press release, visit the Capital One Newsroom here.