Raleigh, NC—December 8, 2023—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Trutina Financial (Trutina). Trutina is based in Bellevue, Washington, and oversees more than $1.1 billion in assets across institutional and individual clients.

Like CAPTRUST, Trutina serves clients across three lines of business: wealth management, retirement plan services, and OCIO for endowments and foundations. Trutina translates to balance in Latin, and the firm works to provide balance to clients with its holistic service model—from investment strategy to financial planning, plus giving back to the local community.

Managing Partner and Chief Compliance Officer Geoffrey Schock and Senior Partner and Chief Strategy Officer Matt Myers lead the firm and have joined CAPTRUST, along with 13 additional colleagues.

“The more we learned, the more we realized the folks at CAPTRUST are in this business for the right reasons,” said Myers. “They will help us grow up as a firm and be able to keep serving our clients with more sophisticated services. Plus, we’re able to put equity into the hands of our people.”

“CAPTRUST’s commitment to community through its foundation was a confirmation of the feelings we already had,” said Schock. “Out of the firms we talked with, CAPTRUST was the one that most aligned with us on leaving our communities better than we found them.”

“The Pacific Northwest is a region we have wanted to expand in for a long time,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “Adding the folks at Trutina is the perfect way to initiate our presence in this market.”

Consistent with other transactions, Trutina will take on the CAPTRUST brand. Park Sutton Advisors, a Waller Helms Company, served as Trutina’s financial advisor in the transaction. 

About CAPTRUST

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 nearly 1,500 employees across 85 locations nationwide, CAPTRUST oversees more than $832 billion in assets, including just over $688 billion in nondiscretionary assets under advisement and just over $143 billion in discretionary managed account assets (as of June 30, 2023).

Raleigh, NC—November 3, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today the addition of The Normann Financial Group (Normann Financial). Normann Financial is based in Sanford, North Carolina, and oversees more than $1.3 billion in assets.

Normann Financial works with a wide variety of clients, from business owners and retirees to nonprofits and corporate retirement plans. The team believes in the benefits of comprehensive financial planning, including retirement and estate planning, lending solutions, and education planning. The firm was founded in 2015 by Kel Normann, who still leads the firm today. Nine additional colleagues will join CAPTRUST.

“As a longtime admirer of CAPTRUST, we know joining forces is the right move for the growth of our firm,” said Normann. “Our team looks forward to expanding in North Carolina and adding to the services available to our clients, from marketing to technology advances.”

“CAPTRUST has had a longstanding relationship with the folks at Normann Financial Group, and our values align—from the way we serve our clients to community involvement,” said Rush Benton, CAPTRUST’s senior director of strategic growth.

This deal expands CAPTRUST’s footprint across North Carolina, with nearby Raleigh headquarters and existing offices in Charlotte, Greensboro, and Wilmington. North Carolina has the largest CAPTRUST presence in the country, with more than 520 employees.

The addition of Normann Financial is CAPTRUST’s eighth deal announced in 2023 and the 71st since 2006. Consistent with other transactions, Normann Financial will take on the CAPTRUST brand.

About CAPTRUST

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 nearly 1,500 employees across 85 locations nationwide, CAPTRUST oversees more than $832 billion in assets, including just over $688 billion in nondiscretionary assets under advisement and just over $143 billion in discretionary managed account assets (as of June 30, 2023).

Raleigh, NC—October 30, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today the addition of Column Capital Advisors. Column Capital is based in Indianapolis, Indiana, and manages more than $1.4 billion in assets.

The wealth management firm was founded in 2005 and is led by President and Managing Director Brian Upchurch and Executive Directors Kevin Sweet and Jeffrey Yu. Twenty-two colleagues will join CAPTRUST. Column Capital’s three core offerings for high-net-worth individuals comprise a comprehensive advisory approach of investment management, financial planning, and tax services.

“Philosophically, CAPTRUST was a clear fit. We are moving into the next phase of our business, and this move was important to our longer-term succession plan,” said Upchurch. “Employee ownership is really important to us, and CAPTRUST provides expansive career opportunities for our team. Not to mention the array of resources at CAPTRUST that will allow advisors to focus more time on our clients.”

“CAPTRUST continues to expand in the major metro markets, and we are excited to add another office in Indiana, this time in Indianapolis,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “The team at Column Capital will help us build out our existing services like tax and investment management for clients across the firm.”

Column Capital is CAPTRUST’s first location in Indianapolis. This addition is the second CAPTRUST location in Indiana, joining an existing office in Chesterton, bringing the firm’s employee total across Indiana to almost 50.  

“Since 2006, we have been strategically adding firms in markets across the U.S., working toward our goal of a wealth management, retirement planning, and endowment and foundation presence in each city,” said CAPTRUST CEO Fielding Miller. “This growth continues to enhance the offerings and quality of service we can deliver to our clients.”

The addition of Column Capital is CAPTRUST’s seventh deal of 2023 and the 70th since 2006. Consistent with other transactions, Column Capital will take on the CAPTRUST brand. Advice Dynamics Partners LLC served as Column Capital’s financial advisor in the transaction.

About CAPTRUST

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 nearly 1,500 employees across 85 locations nationwide, CAPTRUST oversees more than $832 billion in assets, including just over $688 billion in nondiscretionary assets under advisement and just over $143 billion in discretionary managed account assets (as of June 30, 2023).

Raleigh, NC—September 19, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today a minority growth investment from funds managed by global investment firm Carlyle (NASDAQ: CG). Carlyle will provide growth capital to the firm which will be used to pursue strategic inorganic growth opportunities. Neither GTCR nor any of CAPTRUST’s executive leadership teams will be selling secondary shares as part of the transaction. 

CAPTRUST added its first institutional capital partner, leading private equity firm GTCR, in 2020 to support its strategic plans to further expand the business nationally, at a valuation of $1.25 billion. Since that time, CAPTRUST has grown through the addition of 29 firms that broadened the company’s capabilities and geographic footprint and fueled the firm’s organic growth.  

CAPTRUST’s valuation has increased to more than $3.7 billion, with its equity value increasing by more than $2 billion to more than $3 billion. Carlyle’s new growth equity will be used to further drive this M&A strategy. Carlyle and GTCR will be minority investors in CAPTRUST, both individually and collectively. 

“CAPTRUST was founded on the belief that everyone is best served by working with financial advisors that serve as fiduciaries, providing objective, conflict-free advice. Fast-forward more than 25 years, and that core belief remains the foundation of our tremendous growth,” said Fielding Miller, Co-founder and CEO, CAPTRUST. “We remain focused on our clients first and have built out the infrastructure and advisor force to deliver world class solutions.” 

“CAPTRUST has established a well-defined position within the RIA industry thanks to the firm’s scale across wealth management, retirement plans, and endowments and foundations,” said Collin Roche, GTCR Co-CEO and Managing Director. “We believe in the future of this business and are pleased to maintain our full commitment as an investor and a strategic partner. We look forward to continuing to work with the management team to further build on CAPTRUST’s growth.”  

“CAPTRUST is one of the premier brands within the RIA industry, with a deep bench of expertise and resources that support a premium and ever-expanding service model,” said Jim Burr, Head of Global Financial Services at Carlyle. “The firm has the unique position of leveraging its size and scale to benefit not only clients, but also to benefit the communities it serves. This differentiated position, coupled with CAPTRUST’s vibrant culture and strong leadership, makes us incredibly excited to collaborate with our new partners.” 

Mike Hollander, Managing Director at GTCR added: “CAPTRUST continues to expand its capabilities through a robust inorganic growth strategy combined with strong centralized capabilities, which has allowed the business to generate exceptional growth. We are excited to support Fielding and the team as they accelerate CAPTRUST’s path forward.”  

Fielding Miller will continue to lead the firm and remains the largest individual shareholder. CAPTRUST also has one of the broadest employee ownership programs in the industry. Currently, more than half of CAPTRUST employees participate in one or more of the firm’s equity programs.  

“The culture at CAPTRUST is driven by unity, or as we say, One Unified Practice. Our shareholder program is one of the ways that we show our people just how important they are to the success of our organization,” continued Miller. 

Ardea Partners LP served as exclusive advisor to CAPTRUST. Alston & Bird LLP served as CAPTRUST’s legal counsel. J.P. Morgan served as lead advisor to Carlyle. Simpson Thacher & Bartlett LLP served as Carlyle’s legal counsel. Kirkland & Ellis LLP served as legal advisor to GTCR.  

Additional terms of the deal were not disclosed. 

About CAPTRUST 

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 nearly 1,500 employees across 85 locations nationwide, CAPTRUST oversees more than $832 billion in assets, including just over $688 billion in nondiscretionary assets under advisement and just over $143 billion in discretionary managed account assets (as of June 30, 2023). 

About Carlyle 

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $385 billion of assets under management as of June 30, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle. 

About GTCR 

Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $25 billion in over 270 companies, and the firm currently manages more than $35 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn. 

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:

About the CAPTRUST Community Foundation  

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.  

About CAPTRUST  

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).

Raleigh, NC—July 12, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today the addition of Southern Wealth Management (SWM). The firm is headquartered in San Antonio and has offices in Dallas and Midland, Texas, as well as New Orleans, Louisiana.

SWM manages more than $2.3 billion in assets and specializes in serving ultra-high-net-worth families with a robust suite of family office services. The team’s philosophy focuses on helping families navigate the labyrinth of options available to them, develop sound strategies, and implement their financial plans in a manner that will stand the test of time. This approach goes beyond traditional investment portfolio design and management to encompass sophisticated financial and estate planning.

The firm will more than double CAPTRUST’s existing tax practice, adding tax consulting and compliance expertise around income, estate, and gift taxes. SWM also offers business succession planning, including business valuation, life insurance portfolio design and management, and philanthropic planning and plan management.

SWM was founded in 2005 and is led by Managing Partner Dick Jones. He and 62 additional colleagues will join CAPTRUST.

“At SWM, we have enjoyed longstanding multigenerational relationships with families. In the same vein, we saw longevity and growth for our firm by joining CAPTRUST,” said Jones. “Our team looks forward to expanding our network and resources for the benefit of our clients and for our people.”  

“The extensive offerings SWM brings in the family office space are a win for CAPTRUST. This is a niche we are excited to build on, and SWM’s expertise will make that offering even more competitive,” said Rush Benton, CAPTRUST’s senior director of strategic growth.

The addition of SWM marks CAPTRUST’s third deal in Texas this year, following Monroe Vos Consulting in Houston and Omega Wealth Partners in Fort Worth. CAPTRUST’s presence will also grow in New Orleans, following the addition of Crescent Capital Consulting in late 2021.

This deal is CAPTRUST’s fifth of 2023 and the 69th since 2006. Consistent with other transactions, SWM will take on the CAPTRUST brand. Advice Dynamics Partners LLC served as SWM’s financial advisor in the transaction.

About CAPTRUST

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).

Raleigh, N.C. – June 15, 2023 – The CAPTRUST Community Foundation (CCF), an employee-run 501(c)(3), today announced Mothers and Their Children (MATCH) as its 2023 Charity of Choice and recipient of a $100,000 grant. Additionally, five nonprofits were selected to receive CCF national grants of $25,000 each. 

Based in Raleigh, North Carolina, MATCH’s mission is to address the needs of children of incarcerated mothers. The organization will deploy the grant to cover travel costs for family visits, as well as to outfit an onsite children’s center within the North Carolina Correctional Institution for Women (NCCIW) in Raleigh, North Carolina. The center will provide a homelike space where children can spend time with their mothers. MATCH also facilitates parenting education and special events for participating families. 

“The CAPTRUST Community Foundation’s grant allows us to provide consistency for the MATCH children to spend quality time with their mothers,” said Stephanie Dixon, MATCH’s executive director. “Because of CAPTRUST, our MATCH children will have a fully decorated children’s center—complete with an indoor playground, arts and crafts, and educational resources—that will insulate them in their mother’s arms away from the harshness of the prison.” 

“MATCH is providing niche services to our communities’ most vulnerable children,” said Veronica Karas, co-president of the CCF and CAPTRUST financial advisor. “We are thrilled to select an organization that directly aligns with the CAPTRUST Community Foundation’s mission to enrich the lives of children.” 

In addition to MATCH, the CCF selected these five nonprofits to receive national grants of $25,000:  

Founded in 2007, the CCF’s mission is to enrich the lives of children in communities we serve. Since its inception, the foundation has awarded over $5.191 million in grants to charitable organizations across the country that help children. The CCF’s main source of fundraising is through voluntary employee payroll deductions that are matched by CAPTRUST.  

“As a foundation, we are grateful that we can fund multiple worthy organizations across the country through funding and volunteer opportunities,” said Bryan Lewis, CCF co-president and account manager of advice and wellness at CAPTRUST. “As CAPTRUST continues to grow, we hope to enrich even more children’s lives in our communities.”  

About the CAPTRUST Community Foundation 

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 or learn more about the CAPTRUST Community Foundation, please call 855.649.0943. 

About CAPTRUST 

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). 

Raleigh, NC—June 1, 2023—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Omega Wealth Partners (Omega), based in Fort Worth, Texas. The wealth management firm provides holistic financial planning, retirement planning, and estate planning services, and it oversees more than $710 million in assets for high-net-worth individuals and families. 

CAPTRUST’s second deal in Texas this year, Omega is co-owned by Tom Hardgrove, John Dickens, and Tammy Bryant. The three will join CAPTRUST along with six additional colleagues. 

“The wide array of resources we gain by joining CAPTRUST will give us an edge as we continue to provide a top-notch client experience,” said Hardgrove. “We knew right away that becoming a part of CAPTRUST was a good decision—at our core, we both prioritize the relationship with each client.” 

“With a long history as a family-owned business in Fort Worth, CAPTRUST’s collaborative nature and colleagues’ genuine support for each other’s successes was one of the many reasons we knew they were the right fit,” said Dickens. “We look forward to enhancing the customized and unbiased service we currently deliver to our clients by utilizing CAPTRUST’s extensive marketing, investment, and research options.”   

CAPTRUST has been expanding throughout Texas for over a decade, including recent additions Monroe Vos, Covenant, and South Texas Money Management. CAPTRUST now has locations in seven cities within Texas (Austin, Boerne, Corpus Christi, Dallas, Fort Worth, Houston, and San Antonio), and its employee presence in Texas totals more than 120. 

“We are excited to enter a new market in Fort Worth with Omega. As former professional athletes, Tom and John understand the collaborative nature that is crucial to CAPTRUST’s success. We are looking forward to bringing Omega’s expertise to the firm,” said Rush Benton, CAPTRUST’s senior director of strategic growth. 

This deal is CAPTRUST’s fourth of 2023 and the 67th since 2006. Consistent with other transactions, Omega will take on the CAPTRUST brand. Park Sutton Advisors, a Waller Helms Company, served as Omega’s financial advisor in the transaction. 

About CAPTRUST 

CAPTRUST was founded in 1997 and registered as 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). 

Raleigh, N.C.—May 11, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today the addition of Aevitas Wealth Management (Aevitas).  

Aevitas provides financial planning and advisory services to individuals, families, and small businesses, in addition to advice and investment services for endowments, foundations, and retirement plans.

Based in Wellesley Hills, Massachusetts, Aevitas is led by President and Chief Investment Officer Michael Schreiber. The wealth management firm brings $567 million in assets to CAPTRUST, along with four new colleagues.

“The way CAPTRUST acts as a fiduciary to its clients was an immediate draw for us. High client contact and care is a priority for our team at Aevitas, and we saw the same priority in CAPTRUST,” said Schreiber.

Since 1987, Aevitas has focused on custom financial and estate planning for clients, and the firm ensures holistic planning and advice by coordinating with clients’ other advisors like attorneys and accountants.

“By joining forces with CAPTRUST, we can create more customized and high-quality financial and investment planning for our clients,” said Schreiber.

Aevitas will join two existing offices in Massachusetts, following the recent additions of Patriot Pension Advisors, Boston Advisors Private Advisory Group, Cammack Retirement Group, and RINET Company.

“Our presence in the Northeast continues to grow, especially in the greater Boston area. The addition of Aevitas makes us even more competitive in that market,” said Rush Benton, CAPTRUST’s senior director of strategic growth.

“Michael and the Aevitas team focus on building relationships to create their success—a key value of CAPTRUST, making them a great fit to join the firm,” said Benton.

This deal is CAPTRUST’s third of 2023 and the 66th since 2006. Consistent with other transactions, Aevitas will take on CAPTRUST branding. FP Transitions served as the financial advisor to Aevitas in the transaction.

About CAPTRUST

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).

Raleigh, NC—April 24, 2023—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of QA Wealth Management (QA). Based in Minnetonka, Minnesota, QA provides financial advice, planning, and investment management for individuals, with a specialization in working with Big Four professionals.

QA was founded by John Wing in 2000, and today is led by CEO Dan Westin. The firm adds a total of 23 new colleagues to CAPTRUST and more than $770 million in advisory assets.

“We’re a values-based fiduciary, compelled by the guiding principle that the best businesses focus on treating others the way they want to be treated,” said Wing.

QA works with Big Four professionals, providing them with extensive financial and retirement planning, as well as helping them to navigate the complex independence requirements of their chosen field.

“We deliver advice and planning tailored to the needs of Big Four partners across the country, including the selection of investments that comply with their firm’s independence programs, so that they can invest with peace of mind,” said Westin.

“We are thrilled to tap into the niche market of the Big Four partners that QA supports and to be building on our already significant presence in the Minneapolis region,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “The QA team has specific and valuable knowledge of this industry and bringing them on to CAPTRUST only enhances our wealth offering.”

QA’s addition will more than double CAPTRUST’s talent in the Greater Minneapolis Area, adding to the firm’s existing offices in Minneapolis and Wayzata.

This deal is CAPTRUST’s second of 2023 and the 65th since 2006. Consistent with CAPTRUST’s previous transactions, QA will take on CAPTRUST branding. Park Sutton Advisors, a Waller Helms Company, served as QA’s financial advisor in the transaction.

About CAPTRUST

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).