Captrust Financial Advisors, a Raleigh, North Carolina-based registered investment adviser specializing in retirement plans, has acquired Reynolds Investment Management, a Greenville, South Carolina-based RIA overseeing more than $600 million in assets.
Terms of the acquisition were not disclosed.
Led by Tom Reynolds, the firm’s eight employees will be joining Captrust and working under its brand, the company said in a press release Thursday.
The mega-RIA with roughly $160 billion in client assets remains firmly in acquisition mode amid rumors of private equity giants vying to scoop it up.
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