Seven CAPTRUST advisors were named to the National Association of Plan Advisors (NAPA) 2024 Aces: Top 100 Retirement Plan Advisors Under 40 list.
The list recognizes young advisors at registered investment advisors and broker-dealer partners. The advisors on this list are widely seen as the future leaders of the retirement plan advisor industry. More than 600 nominations were submitted for the list of 100.
The CAPTRUST Aces are:
To see the full list of winners, click here.
Congratulations to all the winners!
Eleven CAPTRUST advisors were named on the National Association of Plan Advisors (NAPA) 2023 Top Women Advisor List. The list covers three award categories: All-Stars, Captains, and Rising Stars. More than 500 nominees were considered for the list and responded to both qualitative and quantitative questions on their practice, as well as their accomplishments, their contributions to the industry, the state of workplace retirement plans, and how they give back. The winners were then selected by a panel of judges.
Captains: All-stars who happen to be principals, owners, or team captains of their organizations. Five CAPTRUST advisors were included in this list:
All-Stars: Top producers who have their own practice. Five CAPTRUST advisors were named to the list:
Rising Stars: Top producers who have less than five years of experience with retirement plans as a financial advisor. One CAPTRUST advisor was highlighted this year:
To view the full list, please visit:
CAPTRUST ranked seventh on Barron’s Top RIA list for 2023. The nation’s leading independent advisory firms were evaluated based on qualitative and quantitative components. The ranking, and considerations include assets managed, technology spending, staff diversity, and other metrics.
Additionally, CAPTRUST CEO Fielding Miller was featured in the article “From Mom-and-Pop Shops to Powerhouses: Here Are Barron’s Top Independent Financial Advisors[i]”.
“This mom-and-pop industry has morphed into a powerhouse,” said Miller in the article, talking about the growth of the independent registered investment advisor (RIA) industry.
Click here to access the full ranking.
[i] By Steve Garmhausen, Barron’s September 15, 2023
The Triangle Business Journal announced its Best Places to Work list for 2023, ranking CAPTRUST seventh among extra-large companies with at least 250 employees. In total, 50 Triangle-based companies were scored, based on voluntary employee survey responses regarding company benefits, workplace accommodations, and employee morale.
The ranking highlights CAPTRUST’s shareholder program, which is offered to employees after three years at the firm. The firm also added two new Employee Resource Groups: Honor, for veterans and their allies, and Enable, for colleagues with disabilities, and their allies.
To see CAPTRUST’s full listing, click here.
RALEIGH, NC, August 24, 2023 – The CAPTRUST Community Foundation (CCF) today announced its donations to 76 charities across the country, totaling $600,000 for the nonprofit’s fourth annual Giving Day. The CCF is CAPTRUST’s 501(c)(3) foundation. The foundation’s mission is to enrich the lives of children in the local communities that CAPTRUST serves. Organizations were chosen by local CAPTRUST offices around the country, representing causes that both benefit children and are important to the respective office.
“We are honored to support a record number of organizations this year,” said Veronica Karas, the CCF’s co-president and a financial advisor at CAPTRUST. “On the CAPTRUST Community Foundation’s fourth annual Giving Day, we are awarding funds to 76 worthy organizations that align with our foundation’s mission—to benefit the lives of children.”
The CCF has donated more than $800,000 to nonprofits so far in 2023. Most of the foundation’s fundraising is generated through employee payroll deductions, which are matched by CAPTRUST.
“The CAPTRUST Community Foundation is grateful that we can provide funds to more organizations each year with its Giving Day,” said Bryan Lewis, co-president of the CCF and manager of advice and wellness at CAPTRUST. “Our annual Giving Day was created as a response to the pandemic, and our dedication to CAPTRUST’s mission ensures it continues into its fourth year and beyond.”
The following charities received support:
The CAPTRUST Community Foundation was organized in 2007 to provide CAPTRUST employees with opportunities to participate as a group in community outreach efforts. The foundation is a registered 501(c)(3) charity and is eligible to receive tax-deductible contributions. If you would like to donate to or learn more about the CAPTRUST Community Foundation, please call 855.649.0943.
CAPTRUST was founded in 1997 and registered CapFinancial Partners, LLC, as an independent registered investment advisor in 2003 in Raleigh, North Carolina. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families. The firm also offers a comprehensive suite of services for ultra-high-net-worth individuals to simplify their financial lives, mitigate risk, and perpetuate their legacies. For retirement plan sponsors, endowments, foundations, and religious entities, CAPTRUST offers investment advisory services, fiduciary support, plan design, provider analysis and fee benchmarking, and employee advice programs. With more than 1,300 employees across 75 locations nationwide, CAPTRUST oversees more than $714 billion in assets, including just over $598 billion in nondiscretionary assets under advisement and just under $116 billion in discretionary managed account assets (as of December 31, 2022).
Seven CAPTRUST advisors were ranked on AdvisorHub’s 2023 Advisors to Watch list. This is the second year of publication’s awards, and AdvisorHub received nominations from 374 firms. The list is determined by three categories: the advisor’s scope of practice determined by assets, growth of practice, and professionalism. This encompasses areas like regulatory record, commitment to the community, and team diversity.
The following advisors were on the 100 RIAs to Watch list:
Barron’s released its 2023 rankings for the Top 100 Institutional Consulting Teams, including 22 CAPTRUST teams from across the country. The award nominations consider revenue, assets, and quality of practice. Adding two CAPTRUST teams to the list over the last year, the firm represents more than 20 percent of the 100 spots for this year’s list and holds four spots in the top 10. Barron’s also highlighted Team Eskamani, led by Shaun Eskamani, for the team’s rise in rankings 31 spots year over year.
These CAPTRUST teams and their key advisors were ranked as follows:
#2 – Team Chicago, led by Tim Egan, Dan George, and Dan Simon
#5 – Team New York/Boston, led by Michael Volo and Michael Sanders
#7 – Team Warren, NJ, led by Michael Sasso, Attila Toth, and Richard Torbinski
#9 – Team Allentown, led by Jim Edwards, Wes Schantz, and Jeff Loehwing
#16 – Team Dallas, led by John Pickett and Travis Whitten
#21 – Team Schott, led by Stephen Schott
#24 – Team Doylestown, led by Chris Kulick, Paul Schaffer, Scott Wertheim, and Sean Teesdale
#25 – Team Stanicek, led by Jason Stanicek
#28 – Team Strodel, led by Jim Strodel
#32 – Team Atlanta, led by Philly Jones, Evan Melcher, Zack Sadler, and Drew McCorkle
#37 – Team Schmitt, led by Barry Schmitt
#38 – Team Eskamani, led by Shaun Eskamani
#42 – Team Esch, led by Dan Esch
#44 – Team Strickland, led by Jon Strickland
#50 – Team South Michigan, led by Dori Drayton and Susan Shoemaker
#53 – Team Wilt, led by Steve Wilt
#54 – Team Birmingham, led by Paul Owen, Phil Anderson, and Beau Williams
#60 – Team DiGiacomo, led by Dan DiGiacomo
#62 – Team Bailey, led by Eric Bailey
#63 – Team Des Moines, led by Jean Duffy and Andrew Shimp
#76 – Team Pratico, led by Mike Pratico
#93 – Team Duex, led by Devyn Duex
To view the full list from Barron’s, click here.
PLANADVISER named 13 CAPTRUST advisors to its esteemed Top Retirement Plan Advisers list for 2023.
This prestigious designation recognizes the top 205 retirement plan advisors in the industry based on quantitative measures. To be listed, advisors had to have a minimum of 50 plan clients or $400 million in retirement plan assets under advisement.
Congratulations to the following CAPTRUST advisors for making the list!
To see the full list of winners, click here.
The National Association of Plan Advisors (NAPA) recently named 31 CAPTRUST teams to its prestigious Top Defined Contribution (DC) Advisor Teams list for 2022, highlighting the nation’s leading retirement plan advisor firms.
The list is defined by physical locations with at least $100 million in DC assets under advisement as of December 31, 2022.
Congratulations to the following CAPTRUST teams:
To see the full listing of Top DC Advisor Teams, click here.
Raleigh, N.C. – February 23, 2023 – CAPTRUST Financial Advisors (CAPTRUST) today released the findings from its annual Endowment and Foundation Survey, highlighting the unique needs of nonprofits with long-term investment assets between $10 million and $250 million. For the fifth annual edition, the firm surveyed 169 organizations, including public and private foundations focused on religious, educational, and other charitable missions.
Private nonprofits represent 59 percent of respondents, and about half of total respondents are primarily engaged in program activities, rather than distributing grants or scholarships. Educational organizations (26 percent) and foundation organizations (23 percent) represent nearly half of survey participants, with seven other sectors included.
The survey found that alternative investments continue to be an untapped opportunity, with 39 percent of organizations not currently allocating to this asset class. Surprisingly, 10 percent of organizations that are not investing in alternatives said they do not see a potential benefit, with 42 percent citing liquidity concerns as the primary objection.
This is the second year that the survey has included expanded questions related to diversity, equity, and inclusion (DEI). It found that two-thirds of nonprofits either expect or require board members to donate to the organization. The decision to tie gifting to participation has a direct impact on endowments and foundations’ satisfaction with diversity.
“This year’s survey data shows the vast majority of organizations are satisfied with their current level of DEI focus and believe DEI is increasing their effectiveness,” said James Stenstrom, endowment and foundation director at CAPTRUST. “Across the sector, DEI implementation is taking many forms, but boards are still struggling to find, attract, and recruit diverse members.”
The use of an outsourced chief investment officer (OCIO) or discretionary investment management model increased notably to 33 percent of survey respondents, up from 24 percent in 2020.
“We are seeing more organizations utilize a hybrid investment management approach, which enables an asset owner to delegate responsibility for all or part of their investment portfolio to a full-time investment advisor,” said Grant Verhaeghe, senior director and endowment and foundation practice leader at CAPTRUST. “Especially given the amount of market volatility in recent years, we expect more and more organizations to explore outsourcing their investment responsibilities.”
The 2022 Endowment and Foundation Survey dives into a number of additional topics, including fundraising, spending policy, and performance trends. The full findings can be found here.
CAPTRUST also today announced the launch of a new podcast, Mission + Markets, which explores trends and best practices for endowments and foundations related to mission engagement, fiduciary governance, and investment management. Hosted by CAPTRUST’s Heather Shanahan, director of the endowments and foundations practice, each episode shares research, resources, and recommendations from industry insiders to help nonprofits focus on what’s most important—the mission.
The inaugural podcast episode digs deeper into the 2022 Endowment and Foundation Survey, looking at practical ways for nonprofits to improve an organization’s DEI efforts. The monthly podcast is available on major podcast platforms, and upcoming episodes will cover topics like board turnover, honoring donor intent, and trends among nonprofit sectors.
CAPTRUST is an independent registered investment advisor founded in 1997 in Raleigh, North Carolina. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. The firm also offers a comprehensive suite of services for ultra-high-net-worth individuals to simplify their financial lives, mitigate risk, and perpetuate their legacies. For retirement plan sponsors, endowments, foundations, and religious entities, CAPTRUST offers investment advisory services, fiduciary support, plan design, provider analysis/fee benchmarking, and employee advice programs. With more than 1,200 employees across 70 locations nationwide, CAPTRUST oversees more than $100 billion in assets under management and more than $750 billion in assets under advisement (as of September 30, 2022).