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.