Tampa, FL-based investment advisor CapTrust Advisors has joined the CAPTRUST family.
The combined organization will now operate in 34 offices nationwide and advise on more than $243 billion in client assets.
According to a press release, CapTrust Advisors brings nearly two decades of investment consulting expertise in the wealth management, institutional retirement, foundation and endowment, and religious services sectors, and $19 billion of client assets under advisement. CapTrust opened in Tampa in 1998 and, together with CAPTRUST, was part of a larger CapTrust organization headquartered in Charlotte, NC.
After what was described as many years partnering through the CapTrust Association, the two companies today have merged under the CAPTRUST brand, resulting in 34 offices nationwide, 138 advisors, and clients in all 50 states. This merger adds two Florida offices for CAPTRUST.
This announcement marks the sixth merger CAPTRUST has completed in 2017 and the 26th deal completed over the last decade. Headquartered in Raleigh, NC, the firm represents more than $243 billion in client assets, with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, New York, North Carolina, Ohio, Pennsylvania and Texas.