Captrust Financial Advisors has acquired Stewardship Financial Advisors, an $873 million registered investment adviser based in Atlanta, Georgia.
Stewardship, founded in 1997, specializes in holistic planning that includes estate planning, asset and risk management, tax planning, retirement income planning and investment services.
The entire Stewardship team, including founder Charles Pyke Jr., will be joining Captrust.
Captrust will also now have access to Stewardship’s sister estate planning law firm, Pyke & Associates, which will remain a separate entity.
“One of the things that attracted us to Stewardship is its deep expertise in estate planning,” Rush Benton, senior director of strategic growth at Captrust, said in a prepared statement. “As we continue to build out our holistic wealth management offering, this is an important piece of the puzzle.”
Stewardship has two offices in Georgia, in Peachtree City and Stockbridge. Captrust, which is based in Raleigh, North Carolina, has existing Georgia locations in Atlanta and Alpharetta.
Stewardship is the 49th organization to join Captrust since 2006 and will transition to the Captrust name and brand.
“I founded Stewardship with the mission of helping people to be good stewards of all that has been entrusted to them,” said Pyke, now a principal and financial adviser at Captrust.
“As we grew to meet the needs of our growing client base, we felt it was time to partner with a firm committed to this mission and with the depth of scale to fully meet the responsibilities to our clients,” he said. “Captrust’s culture, mission, and core values match ours, and their deep resources enhance our holistic planning offerings for our clients.”
The move follows earlier dealmaking and leadership changes as the Overland Park-based hybrid RIA builds toward a nonprofit-focused institutional platform.
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