DUBLIN, Ohio--(BUSINESS WIRE)--The two largest investment advisory firms focused on managing investments for public entities across the state of Ohio, Meeder Investment Management (“Meeder”) and United American Capital Corporation (“UACC”), have joined forces with UACC becoming part of the Meeder organization. This is great news for clients of both firms as this partnership combines the expertise of two well-respected organizations, along with a wider range of investment solutions, greater depth of resources, and a continued commitment to excellent service.
“I have tremendous respect for what Dennis Yacobozzi and his team have accomplished since UACC was founded in 1991,” said Bob Meeder, President and CEO of Meeder Investment Management. “My team and I are pleased that UACC will be joining forces with our firm as I do believe we are better together.”
“After 27 years of investing public funds and growing the business to over $5 billion in assets under management, combining resources with another firm similar to ours was the most effective option in terms of future growth,” said Dennis Yacobozzi, President and CEO of UACC. “After an extensive due diligence process, Meeder was the best choice.”
The combined businesses will:
- Provide clients with over 70 years of investment management experience
- Form one of the largest managers of public funds in the United States
- Manage and advise over $23 billion of public funds
Bob Meeder added, “The UACC team has done an exemplary job in prudently managing their clients’ assets. We feel very fortunate to add their experience to our team and look forward to serving our expanded client base.”
Bruml Capital Corporation served as financial advisor to UACC.
Please visit the Meeder website at www.meederpublicfunds.com for more information and to access a new video highlighting the opportunities this partnership brings to clients.
About Meeder Investment Management
Since 1974, Meeder has offered investment solutions designed to manage risk and improve investor outcomes. Meeder serves public entities, institutional and retail investors. Investment solutions include separate accounts, local government investment pools, mutual funds, retirement solutions, private wealth management and cash management. As of December 31, 2018, Meeder Investment Management, through its affiliates, has more than $25 billion in assets under management and advisement.
About United American Capital Corporation
UACC provided institutional fixed income investment management services to state and local governments throughout Ohio and California. UACC grew to over $5 billion in assets under management over the firm’s 27-year span to become one of the largest firms in Ohio to exclusively manage the investments of public entities.
© 2019 Meeder Investment Management, Inc.
