What You Need to Know
- RIA Frontier Wealth Management adds over $4 billion in client assets to Captrust.
- Frontier will transition to the Captrust brand name.
- Captrust had more than $100 billion in AUM and over $750 billion in AUA as of March 31.
Captrust Financial Advisors has further expanded its Midwest footprint with the addition of Frontier Wealth Management, an RIA based in Kansas City, Missouri, with over $4 billion in client assets, Captrust said Tuesday.
This is the first deal that Captrust has closed in 2022, and Frontier is the 57th firm overall to join Captrust since 2006, it said.
Consistent with previous firms that have joined the independent RIA, Frontier will transition to the Captrust brand name.
Captrust didn’t provide terms of the transaction, which it said closed Thursday.
In addition to its Kansas City headquarters, Frontier has two locations in Denver and one location each in Omaha, Nebraska; St. Louis; and Wichita, Kansas.
But not all those locations will remain open. “We’ll be combining some of our existing Denver-area offices,” a Captrust spokesperson said.
Of its more than $4 billion in assets, “around $1 billion is institutional and the rest is wealth,” she added.