Captrust snags veteran adviser to open L.A. office

Captrust Financial Advisors of Raleigh, N.C., has lured Mark A. Davis, a 17-year-veteran of the retirement industry, to anchor the firm’s first West Coast office.
MAR 06, 2009
Captrust Financial Advisors of Raleigh, N.C., has lured Mark A. Davis, a 17-year-veteran of the retirement industry, to anchor the firm’s first West Coast office in Los Angeles. Mr. Davis was the founding principal of Kravitz Davis Sansone of Encino, Calif., which has more than $1 billion in assets. Mr. Davis mostly recently worked with members of the House of Representatives and the Government Accountability Office on a variety of issues affecting retirement plan sponsors and plan participants. Earlier this year, Captrust snagged Steve Wilt, a 20-year veteran of New York-based Merrill Lynch & Co. Inc., and three of his partners to head its Midwest operations out of Akron, Ohio. Captree manages about $22 billion in assets.

Latest News

FINRA fines Vanguard $950,000 over decade of cost basis errors
FINRA fines Vanguard $950,000 over decade of cost basis errors

Faulty Forms 1099 and account statements reportedly left some Vanguard brokerage customers overpaying or underpaying taxes for over a decade.

More ETFs, more opportunity, more homework
More ETFs, more opportunity, more homework

The democratization of ETFs cuts both ways

Advisor moves: Raymond James, Baird add significant teams in latest recruiting push
Advisor moves: Raymond James, Baird add significant teams in latest recruiting push

Independent broker-dealers snap up experienced advisors as competition for established practices intensifies.

Wells Fargo names COO Scott Powell as its next chief risk officer
Wells Fargo names COO Scott Powell as its next chief risk officer

Derek Flowers, a nearly 30-year veteran, is set to retire in mid-January, handing the reins to the executive who helped lead the bank's regulatory turnaround.

Ameriprise runs advisor ads on ESPN, Golf Channel, CBS
Ameriprise runs advisor ads on ESPN, Golf Channel, CBS

The campaign spans broadcast TV and streaming, as the brokerage faces slowing client net flows and an $8.1 billion advisor team that left to launch an RIA this month.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

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

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains