Captrust Financial Advisors has boosted its assets under administration to more than $600 billion with the acquisition of New York-based Cammack Retirement Group.
Cammack, which was founded more than 50 years ago, brings $154 billion in retirement plan assets under administration to the national Captrust network.
While Cammack is already a large and established firm specializing in retirement plans, its executives said partnering with Captrust was about becoming part of a larger organization.
“As we’ve grown, we’ve had a national footprint for a little while, and even though we had many locations, we were at a disadvantage by not being with an organization with locations in all 50 states,” said Jeff Levy, Cammack managing partner.
In an environment of record-setting merger and acquisition activity, Levy said, “People have been chasing us for a year.”
“We have for a long time felt we had a high presence in the retirement plan industry, but we weren’t interested in simply being absorbed,” he said. “We wanted to partner with someone with the same vision, ethics and nature of services.”
In addition to Levy, Cammack’s leadership team includes Mike Volo, Emily Wrightson, Mike Sanders and Earle Allen, who all join Captrust as principals.
“Cammack Retirement Group and Captrust are two of the largest firms in the institutional retirement space, with Cammack Retirement serving over 170 plan sponsors, which represents nearly 1.3 million participants,” said Rick Shoff, managing director of the advisor group at Captrust.
Cammack represents the 47th firm that has joined Captrust since 2006 and will take on the Captrust brand moving forward.
Janus Henderson Investors research reveals demand for transparency, but lack of awareness of AI’s prevalence in the corporate world.
New research reveals rising expenses, forced early exits, and a widening gap between how long people live and how long their money lasts.
Firms continue their quest to attract and retain the best advisor teams.
A survey from TacticalMind AI found 69% of advisors say a high-quality AI platform that makes investment recommendations and constructs portfolios is worth $500 monthly, while research-only tools are valued closer to $250.
The alts tech provider's latest integration lets advisors query fund data and surface portfolio insights without leaving their primary workspace.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
