Union Capital provides portfolio management for individuals and small businesses and selecting other managers.
Union Capital reports 414 clients. They include 388 individual clients and 26 high-net-worth individuals. Of its assets, 2.0% ($3M across 14 accounts) are managed with discretion; $147M across 400 accounts are not. Of its clients, 1% are outside the U.S. It advised 378 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 94% | 49% |
| High-net-worth individuals | 6% | 51% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 388 | $73M | 48.7% | $188K |
| High-net-worth individuals | 26 | $77M | 51.3% | $2.96M |
| Total | 414 | $150M | 100% | $362K |
- Clients
- 388
- Regulatory AUM
- $73M
- AUM share
- 48.7%
- Avg. per client
- $188K
- Clients
- 26
- Regulatory AUM
- $77M
- AUM share
- 51.3%
- Avg. per client
- $2.96M
Total
- Clients
- 414
- Regulatory AUM
- $150M
- AUM share
- 100%
- Avg. per client
- $362K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 378
- Private funds advised
- 0
Union Capital charges 0.40%–2.00% a year for its Portfolio Management Fee. The fee is billed in advance, is negotiable and requires an account of at least $25,000.
Fee details and sources
Union Capital Holdings, Corp. owns 75% or more of Union Capital and is in turn owned by Francisco B Almada (50–75%). The leadership team of Union Capital includes President Francisco B Almada. It has 13 employees, 11 of them in advisory roles.
Leadership
- Francisco B AlmadaDP/FINOP/Chief Compliance Officer/President/Secretary/Director
- Joseph Francis BodkinDirector, DP
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
- Edward Thomas Carpenter
- Joseph Eberle III
- Larry Roy Friedenberg
- Steven Rand Hill
Staff
- 13 employees
- 11 in advisory functions
- 12 state-registered reps
- 13 broker-dealer reps
- 11 insurance agents
- Owns 75% or more of Union Capital Company
Union Capital Holdings, Corp.
Control person · since November 2002
- Owns 50% to 75% of Union Capital Holdings, Corp.
Francisco B Almada
Control person · since November 2002
Union Capital’s regulatory assets grew from $121M (June 2021) to $150M (August 2026); clients rose from 370 to 414 and employees fell from 27 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $150M | 414 | 13 | 1 |
| March 2025 | $177M | 517 | 17 | 1 |
| March 2024 | $180M | 526 | 23 | 1 |
| August 2023 | $140M | 550 | 27 | 1 |
| March 2022 | $151M | 519 | 27 | 1 |
| June 2021 | $121M | 370 | 27 | 1 |
Besides its headquarters, Union Capital has 0 offices, with 1 listed address in Arizona.
Arizona · 1 listed address
- 6083 E. Grant RD., TucsonHQ
Contact and registration details
- Legal name
- Union Capital Company
- Headquarters
- 6083 E. Grant RD., Tucson, AZ 85712
- Website
- unioncapital.com
- Phone
- 520-664-2001
- SEC file
- 801-121320
- Structure
- Arizona corporation
- Fiscal year end
- December
Union Capital uses RBC Capital Markets ($123M, 82%), Fidelity ($25M, 17%) and Charles Schwab ($2M, 1%) as custodians for its separately managed accounts. Union Capital does not have custody of client assets.
- RBC Capital MarketsRBC Capital Markets, LLC · New York, NY · $123M82%
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $25M17%
- Charles SchwabCharles Schwab & Co., Inc. · El Paso, TX · $2M1%
At year end, Union Capital’s separately managed accounts were largely in stocks (47%) and funds (36%).
What the accounts hold
- Stocks47%
- Funds36%
- Bonds7%
- Investment grade corporate bonds4%
- High-yield corporate bonds2%
- U.S. government and agency bonds1%
- Cash5%
- Other5%
- Equities5%
How many clients does Union Capital have?
Union Capital has 414 clients and manages $150 million for them, as of August 2026. They include 388 individual clients and 26 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026
What services does Union Capital offer?
Union Capital provides portfolio management for individuals and small businesses and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Union Capital charge?
Union Capital charges 0.40%–2.00% a year for its Portfolio Management Fee. The fee is billed in advance, is negotiable and requires an account of at least $25,000.
Source: 2026_PART 2A OF FORM ADV FIRM BROCHURE, filed 30 March 2026
Which custodians does Union Capital use?
Union Capital’s separately managed account assets are held at RBC Capital Markets, LLC (New York, NY), with $123M, Fidelity Distributors Company LLC (Smithfield, RI), with $25M and Charles Schwab & Co., Inc. (El Paso, TX), with $2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 August 2026
How many financial advisors does Union Capital have?
Union Capital has 12 investment adviser representatives registered with state securities authorities, out of 13 employees, and 11 perform investment advisory functions. 13 employees are registered representatives of a broker-dealer and 11 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Union Capital invest in?
At the end of its last fiscal year, Union Capital’s separately managed accounts held 47% exchange-traded equities, 36% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 5% other, 4% investment grade corporate bonds, 2% high-yield corporate bonds and 1% U.S. government and agency bonds. The 5% other category is described as: Equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Union Capital have a minimum investment?
Yes, Union Capital’s minimum account size for its Portfolio Management Fee is $25K.
Source: 2026_PART 2A OF FORM ADV FIRM BROCHURE, filed 30 March 2026
Who owns Union Capital?
Union Capital is owned through a holding company by Francisco B Almada. Its direct owner is Union Capital Holdings, Corp. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 August 2026
How does Union Capital get paid?
Union Capital is paid through a percentage of assets under management and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Union Capital?
Union Capital’s main office is at 6083 E. Grant RD., Tucson, AZ 85712. Its phone number is 520-664-2001. Its website is unioncapital.com.