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CAPTRUST Bags Another RIA

CAPTRUST has expanded its reach with the addition of Davidson & Garrard (D&G), a registered investment advisor based in Lynchburg, VA.

The announcement comes less than a month after the announcement of CAPTRUST’s merger with Tampa, FL-based investment advisor CapTrust Advisors.

Founded in 1987, D&G is an independent, fee-only RIA that focuses on customized investment advisory services for individuals, families, endowments, nonprofits, institutions and retirement plans. The firm brings with it more than $700 million in client assets, as well as 13 employees who operate in two local offices, including Lynchburg and Lexington. Principals Bill Paxton, Dave Hansen, Jack Flippin and Steve Crank will remain with the firm under the newly adopted CAPTRUST brand.

This announcement marks the seventh merger the firm has completed in 2017 and the 27th deal completed over the last 11 years. According to a press release, CAPTRUST now operates in 35 offices nationwide and oversees more than $244 billion of client assets with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, New York, North Carolina, Ohio, Pennsylvania, Texas and Virginia.

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