California-based United Capital Financial Advisers LLC has acquired Asset One LLC, which has a Mandeville office, and two other investment-advice firms.

The deal for Jensen Wealth Advisors, of Palm Desert, California; Compass Wealth Advisors of Elkhart, Indiana; and Asset One LLC, which also has a Denver office, is the latest sign of consolidation in the financial advice industry, according to The Wall Street Journal. Terms of the deal were not disclosed.

Asset One's website says the company, a division of United Capital Financial Advisers, transitioned the majority of its investment adviser business to United Capital as of May 12.