Captrust Financial Advisors, a Raleigh, North Carolina-based registered investment adviser specializing in retirement plans, has acquired the $6.27 billion retirement plan advisory practice of Plante Moran Financial Advisors, an accounting, consulting and RIA firm managing $17 billion in total.
Based in Grand Rapids and Southfield, Michigan, the Plante Moran retirement team advises approximately 200 institutional clients and 240 retirement plans.
Plante Moran partners Dori Drayton and Susan Shoemaker will join Captrust, along with 11 additional retirement team members.
Captrust says the deal will boost its assets under advisement to more than $400 billion.
Terms of the agreement were not disclosed.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
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
