Captrust Financial Advisors, a Raleigh, North Carolina-based retirement plan specialist that manages and oversees $745 billion in assets, has acquired Portfolio Evaluations Inc., a Warren, New Jersey-based retirement firm managing $107 billion in assets.
Portfolio Evaluations was founded in 1992 and has several hundred clients. It's led by co-founders Attila Toth, Michael Sasso and Rich Torbinski.
Terms of the acquisition, which closed late last year, were not disclosed. Portfolio Evaluations is Captrust's 54th acquisition since 2006, and its third in 2021, following its purchases of Cammack Retirement Group and Ellwood Associates.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
