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August 22, 2017 at 11:33 AM
CAPTRUST, an employee-owned financial advisory firm with over $200 billion in client assets, based in Raleigh, North Carolina, has reunited with CapTrust, a $19 billion RIA based in Tampa, Florida.
The firms were once part of the same CAPTRUST entity but split in 1998 although they still operated as part of a larger CapTrust organization headquartered in Charlotte, North Carolina. Now they are one again, with a combined $243 billion in assets, 34 offices nationwide, 138 advisors and clients in all 50 states. Terms of the deal were not disclosed.
“Given our relationship with them [CapTrust Advisors] over the last 19 years, we understand the firm and its culture intimately, and wee are excited for them to tap into the resources of the larger organization,” said CAPTRUST CEO and Co-Founder J. Fielding Miller. “This merger reflects the perfect alignment of values and our shared commitment to clients and colleagues.”
The merger, which has already been completed according to a spokeswoman, is the sixth one for CAPTRUST this year and its twenty-sixth deal over the past decade. It is also among CAPTRUST’s top three acquisitions.
A CAPTRUST spokeswoman said the three principals of CapTrust – Roger Robson, Eric Bailey and Stephen Schott — will remain with the newly merged firm.
