Advisers on the Move

Captrust acquires $13 billion in AUA through FiduciaryVest spin out

Co-founder Philly Jones and team leave; remaining partner continues as FiduciaryVest

Apr 2, 2019 @ 7:00 am

By InvestmentNews

Three partners and support staff from Atlanta-based FiduciaryVest, who advise on $13 billion in client assets, have joined Captrust Financial Advisors. FiduciaryVest's fourth partner and his team will continue to operate independently under the FiduciaryVest name.

The team joining Captrust is led by Philly Jones, who co-founded FiduciaryVest in 2005. His team serves more than 50 plans, with a focus on mid- to large-market retirement plan sponsors with between $100 million and $2 billion of plan assets.

(More: See more adviser moves in InvestmentNews' Adviser on the Move database.)

With the acquisition, Raleigh, N.C.-based Captrust now has 177 advisers at 40 locations and advises on more than $300 billion in client assets.


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