Another firm has joined Captrust Financial Advisors: Boston Advisors, which brings 15 employees and $1.5 billion of client assets with it. With this addition, Captrust now has 234 advisors across 48 locations around the country. Terms of the deal were not disclosed, though it was announced in a prepared statement that the transaction was complete as of Oct. 1 and that the Boston group will assume Captrust’s brand as part of the merger.
Headquartered in Raleigh, N.C., and managing $340 billion in assets, Captrust is an independent, employee-owned registered investment advisor providing investment advisory services to high-net-worth individuals, executives, retirement plan fiduciaries, endowments and foundations.
Captrust added firms in Pennsylvania and Ohio with more than $2 billion in assets in June and has seen significant growth in revenue and assets under management since 2018.
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