CAPTRUST Financial Advisors, one of the nation’s leading independent wealth management and retirement plan advisory firms, announced today that it has completed a merger with MFP Strategies. Based in Bethlehem, PA, MFP Strategies brings with it deep experience in wealth management and capital preservation strategies for private clients, investment advisory services for institutions, and investment and retirement plan advisory services for institutional plan sponsors. The transaction closed on July 31.
Founded in 2000, MFP Strategies’ multidisciplinary focus is a perfect fit for CAPTRUST. The merger will allow MFP Strategies to both broaden and strengthen its menu of services while helping to accelerate its growth. “This relationship creates a distinct opportunity for both firms,” said thirty-year industry veteran and MFP Strategies Founding Partner Mike Molewski. “There are tremendous similarities between the two firms’ culture, vision, and goals that will provide immediate value to our clients,” he added.
MFP Strategies’ retirement business will integrate seamlessly and create significant efficiencies and immediate scale. Its reputation and experience in ultra-high-net-worth estate planning and business preservation was another important driver of this combination. After the merger, CAPTRUST will have more than 300 employees in 25 locations and more than $180 billion of assets under advisement.
The merger between CAPTRUST and MFP Strategies marks another milestone in CAPTRUST’s long-term goal to add top talent in key markets across the country. CAPTRUST CEO Fielding Miller said “This is a great fit. MFP Strategies is a very well-known and respected firm with talented professionals and a great reputation. We are looking forward to the opportunities that this merger creates.”
About CAPTRUST Financial Advisors
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, executives, and high net-worth individuals. Headquartered in Raleigh, N.C., the firm represents over $180 billion in client assets with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, Missouri, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia.