With notable stops along memory lane, this cover story takes a look at what it was like to launch CAPTRUST in 1997 with a new kind of business model using a flat fee instead of charging commissions for each trade.
But while Miller admits the financial advisory business is not for everyone, he does not expect to buy firms that don’t share his aggressive commitment. In fact, when CAPTRUST does acquire a firm, half of the transaction proceeds are stock “so they become an owner in CAPTRUST,” says Miller.
He does tell Ohnesorge during the interview that a succession plan hasn’t been outlined for CAPTRUST. “In about five years, we’ll need to identify a successor,” he says. “I’ve got my mind on it.”
To read the article in its entirety, click here.
This document is intended to be informational only. CAPTRUST does not render legal, accounting, or tax advice. Please consult the appropriate legal, accounting, or tax advisor if you require such advice. The opinions expressed in this report are subject to change without notice. This material has been prepared or is distributed solely for informational purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. The information and statistics in this report are from sources believed to be reliable but are not guaranteed by CAPTRUST Financial Advisors to be accurate or complete. All publication rights reserved. None of the material in this publication may be reproduced in any form without the express written permission of CAPTRUST: 919.870.6822.
© 2023 CAPTRUST Financial Advisors