Captrust Financial Advisors, a Raleigh, North Carolina-based registered investment adviser, has acquired Genovese Burford & Brothers Wealth & Retirement Plan Management, a Sacramento, California-based RIA advising on $3.13 billion for nearly 1,500 clients.
GBB was founded in 1987 by Mike Genovese and Lon Burford. Other principals are Alex Brown, the chief executive, and partner Kelly Brothers. The firm's 36 employees include 17 financial advisers.
Captrust oversees more than $50 billion in assets under management and $409 billion in assets under advisement. GBB is the 46th firm it has acquired since 2006.
Large broker-dealers and registered investment advisors have, since 2020, been developing or sticking to strategies and tactics to combat the pain of intense, short-term market volatility
Centaurus Financial touts its independence as a key selling point at a time when many firms are being swallowed up.
New TIAA Institute research finds professional guidance narrows the gap between retirement dreams and reality.
Breakaway advisors join new firms in Oklahoma, Idaho.
Annual benchmark climbs 7.5% as advisors lean on HSAs to help clients close the gap.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
