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.
The $71 billion firm’s latest tuck-in lands as middle-market sellers face rising buyer selectivity and steeper equity demands
Executives allegedly sold while key revenue metric was inflated.
The advisor, Gregory W. Ricker, started his career in the securities industry in 1995.
The four-partner Georgia RIA joins the integrated Carson Wealth channel, deepening the $66 billion mega-RIA's Atlanta M&A footprint
The $9 billion practice’s move into Hightower’s W-2 channel continues a string of internal conversions in a record-pace year for RIA M&A
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
