Captrust has completed its seventh deal of the year and its 70th since 2006 with the acquisition of Column Capital Partners in Indiana.
Its latest addition is in Indianapolis and is the firm’s second office in the state following Chesterton and will enhance Captrust’s overall capabilities in Indiana and beyond.
“The team at Column Capital will help us build out our existing services like tax and investment management for clients across the firm,” explained Rush Benton, Captrust’s senior director of strategic growth.
Column Capital Advisors manages more than $1.4 billion in assets and is led by president and managing director Brian Upchurch and executive directors Kevin Sweet and Jeffrey Yu. Column provides investment management, financial planning, and tax services and a team of 22 will join Captrust.
“We are moving into the next phase of our business, and this move was important to our longer-term succession plan,” said Upchurch. “Employee ownership is really important to us, and Captrust provides expansive career opportunities for our team. Not to mention the array of resources at Captrust that will allow advisors to focus more time on our clients.”
Captrust is headquartered in Raleigh, North Carolina and was founded in 1997. It oversees more than $832 billion in assets having grown to 1,500 employees across 85 locations.
“Since 2006, we have been strategically adding firms in markets across the U.S., working toward our goal of a wealth management, retirement planning, and endowment and foundation presence in each city,” said Captrust CEO Fielding Miller. “This growth continues to enhance the offerings and quality of service we can deliver to our clients.”
The firm’s deals so far in 2023 have included three acquisitions in Texas which added several billion dollars to its AUM.
Captrust vice president and financial advisor Catherine Seeber, who also chairs the firm’s women’s group, will be one of several women leading panels at the InvestmentNews Women Advisor Summit in New York City on Nov. 8.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
