The July 2019 issue of Financial Advisor magazine ranked CAPTRUST number one among registered investment advisors (RIAs) making it our fourth year to achieve this distinction. The magazine’s annual survey analyzes several indicators of business success, including assets under advisement, asset growth over the trailing year, and assets per client.
In the article accompanying the survey results, Financial Advisor author Eric Rasmussen shares his thoughts on what’s driving the vigorous merger and acquisition activity among RIA’s with a specific look at growth challenges, wars for talent, and the technology arms race.
“Ranking number one among so many great competitors is something we are extremely proud of. Since we reinvest half of our profits each year, our revenue and growth in 2018 enabled us to make a substantial reinvestment in our business,” said CAPTRUST Managing Director Rick Shoff.
CAPTRUST ranks as the largest of firms active in the defined contribution (DC) aggregator space, with $289 billion of DC plan assets under advisement (AUA).
About CAPTRUST
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing investment advisory services to retirement plan fiduciaries, endowments and foundations, executives, and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm currently represents more than $298 billion in client assets with 43 locations across the U.S.
