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Practice Management

Captrust Adds $154B Cammack Retirement Group

By Jeff Berman

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Captrust Financial Advisors has continued its expansion by adding Cammack Retirement Group, a firm with $154 billion in assets under administration that is based in New York City and  Wellesley, Massachusetts, with an office in Lexington, Kentucky.

The addition of Cammack boosts Captrust’s AUA to more than $600 billion. It follows the announcements of several recent acquisitions by Captrust that included the Genovese Burford & Brothers Wealth & Retirement Plan Management of Sacramento, California, early this month, and PWA Wealth Management of Pittsburgh and MRA Associates of Phoenix in January.

The 38-person Cammack has a “50-year history of helping retirement plan sponsors fulfill their fiduciary responsibilities and participants achieve a successful retirement,” Captrust said Tuesday.

Cammack is led by Jeffrey Levy, managing partner; Michael Volo, senior partner; Emily Wrightson, vice president; Michael Sanders, principal; and Earle Allen, partner, who all join Captrust as principals. Terms of the deal were not disclosed.

“Cammack Retirement Group and Captrust are two of the largest firms in the institutional retirement space, with Cammack Retirement serving over 170 plan sponsors, which represents nearly 1.3 million participants,” Rick Shoff, Captrust managing director, advisor group, said in a statement. “Bringing together our resources and deep expertise makes our offering unmatched in the industry.”

Joining Captrust will help Cammack “achieve two of our long-term goals: to expand our geographical footprint and add new lines of business and services for our existing clients,” Levy said in the announcement. “This exciting next chapter for Cammack Retirement will allow us the opportunity to grow, take on new challenges, and expand career opportunities for our employees.”

Cammack is the 47th firm to join Captrust since 2006 and will take on the Captrust brand moving forward. Captrust has more than 800 employees across more than 50 locations nationwide and oversaw more than $60 billion in assets under management as of Dec. 31, it said.

Jeff Berman

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