In August 2020, CAPTRUST was named the largest registered investment advisor (RIA) by Financial Advisor magazine, based on 2019 assets. This is the fifth year in a row that CAPTRUST has taken the top spot on the list, among firms with more than $1 billion in assets.
As of December 31, 2019, CAPTRUST had nearly $390 billion in assets under advisement, representing more than 34 percent growth over 2018. The firm also dominated its leadership position with nearly $90 billion more in assets than the second-place firm.
CAPTRUST Managing Director and Head of the Advisor Group Wilson Hoyle spoke to Financial Advisor Magazine’s Eric Rasmussen about the state of the RIA industry. Hoyle shares that firms like CAPTRUST that are withstanding the recent economic downturn are reinvesting in their business, especially technology. “I can assure you that other firms that aren’t as durable are not looking to grow, they’re looking to just sustain.”
CAPTRUST was also included in Financial Times’ annual FT 300 list of the top 300 U.S. Registered Investment Advisor firms. This list, now in its seventh year, is based on assets, expertise, and other credentials desirable to investors.
In a companion article, Scott Matheson, managing director and head of client solutions at CAPTRUST, discussed how the pandemic has led to more personal conversations between advisors and clients and has facilitated a stronger sense of trust. “The desire to be connected, because of how remote everyone is, it’s actually led to longer, more intimate human conversations,” said Matheson. See the full article in Financial Times by reporter Josh Azar: “Financial advisers discard playbook of 2008 crisis“.