Captrust Financial Advisors acquired a Texas wealth management firm, Engrave Wealth Partners, that oversees $770 million in client assets, it announced Thursday.
Ten team members at Engrave are joining Captrust, including the firm’s co-founders, Greg Parker and Taylor Parker, who are father and son.
“We recognized the challenges of continuing to serve our existing clients at the highest level while continuing to grow,” Greg Parker said in a statement. “Ultimately, we were looking for a partner who could help us deepen our offering to existing clients while accelerating our organic growth strategy.”
Engrave is based in The Woodlands and most of its clients are corporate executives or small business owners, many in the oil and gas industry.
“The resources we are most excited to access at Captrust are the investment and tax services,” Taylor Parker said in the statement. “They will significantly deepen the expertise we can offer.”
The Engrave deal closed in late 2023, and the firm will rebrand as Captrust. Waller Helms Advisors advised Engrave on the transaction.
Raleigh, North Carolina-based Captrust has been expanding in Texas and now has more than 170 employees in the state. Its acquisitions last year in Texas, in addition to Engrave, were Monroe Vos Consulting, Omega Wealth Partners and Southern Wealth Management.
Captrust, which has expanded into wealth management after initially focusing on working with retirement plans, now oversees more than $817 billion in assets, including $668 million in assets under advisement, and has 1,500 employees.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.