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.”
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.
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 tailored 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.
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.
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.
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—March 9, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today the addition of Monroe Vos Consulting (Monroe Vos).
Founded by Jim Monroe and Tim Vos in 1994, Monroe Vos is based in Houston, Texas, with an additional location in Birmingham, Alabama. The firm provides advisory services for retirement plan sponsors, endowments, and foundations and provides wealth management services to high-net-worth individuals and family offices.
The firm brings its entire team of 17 colleagues to CAPTRUST and more than $5.8 billion in assets.
“The genesis of Monroe Vos was to avoid conflicts of interest and to put clients first—and the alignment of these values led us to choose CAPTRUST. CAPTRUST’s culture and philosophy have a lot of similarities to ours at Monroe Vos. We had commonality when it comes to the care of the client,” said Vos.
This addition bolsters CAPTRUST’s presence in Houston and Birmingham, joining the firm’s existing wealth, retirement plan, and endowment and foundation practices in these regions. CAPTRUST has had an established presence in Texas for more than a decade and continues to grow, with more than 100 employees. The Monroe Vos deal follows the recent additions of Covenant Multifamily Offices in 2021 and South Texas Money Management in 2019.
“Community is also a core value of our firm—we have long participated in volunteering and fundraising. CAPTRUST’s care for the community through the CAPTRUST Community Foundation is just another proof statement for why we are an excellent fit together,” said Vos. “We have a long future ahead by joining CAPTRUST, and our clients will benefit from it.”
“Monroe Vos has been a leader in our industry for decades, and we are thrilled to welcome them to CAPTRUST,” said Rick Shoff, managing director of CAPTRUST’s Advisor Group. “Tim and the entire firm bring an experienced perspective across all three of our business lines. We look forward to joining forces in Texas—especially as we continue to expand in this market.”
This deal is the first for CAPTRUST in 2023 and the 64th since 2006. Consistent with other transactions, Monroe Vos will take on CAPTRUST branding. Park Sutton Advisors, a Waller Helms Company served as Monroe Vos’ financial advisor in the transaction.
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 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 $125 billion in assets under management and more than $775 billion in assets under advisement (as of December 31, 2022).
CAPTRUST recently awarded its Fall 2022 scholarship recipients. Five college students across the U.S. were selected out of 172 applicants to receive $1,000 each toward their education. Winners were selected based on academic merit, along with their responses to essay questions on four topics: personal goals, community impact, accomplishments, and career goals.
CAPTRUST employees selected scholarship recipients based on the quality of their essay responses and their alignment with the firm’s mission to enrich communities. CAPTRUST believes it is essential to support local communities and prepare developing professionals for success.
The five winners are as follows:
Congratulations to the scholarship recipients! Learn more about CAPTRUST’s scholarship program here. The application is now open, and the next cycle of awards will be announced this summer.
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).
RALEIGH, NC – January 19, 2023 – The CAPTRUST Community Foundation (CCF), a CAPTRUST employee-run 501(c)(3) organization, announced today its annual donations for 2022: a record $1,138,442, surpassing last year’s donations of $1,054,000. The CCF also unveiled its new board members and oversight committee.
The CCF provides grants to nonprofits across the country that benefit children. Since it was founded in 2007, the CCF has donated more than $4.879 million. In 2022, the CCF continued to support hundreds of organizations through 201 grants across 31 states. For the Foundation’s third annual Giving Day, 69 organizations received a collective $610,000.
The CCF also announced its new leadership, led by Co-Presidents Veronica Karas, senior financial advisor, and Bryan Lewis, account manager of advice & wellness. The two will work alongside the following CAPTRUST colleagues:
The board also announced new oversight members: Philip D’Unger, Kim Griggs-Murray, Ashley May, Oliver Norman, James Stenstrom, Juanita Evans, Nathan Erickson, Mike Volo, Mackenzie Ball, and Tim Harris.
“I am looking forward to working with Bryan and the rest of the CCF Board to continue the momentum from 2022 into the new year,” said Karas. “After serving as the foundation’s Financial Literacy Chair in 2022, I see the great need in our communities and the unique opportunity the CCF has to help.”
“I’m honored to step into this leadership role after serving on the CCF board’s oversight committee,” said Lewis. “As we continue to grow at CAPTRUST, I am excited to see how our foundation can make an even larger impact in the community.”
The CCF is run by CAPTRUST employees, with fundraising sourced largely from employee payroll deductions matched by CAPTRUST. To learn more about the CCF or to apply for a Partnership Grant (application window open through March 15), visit www.captrustcommunityfoundation.org/.
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.
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 $110 billion in assets under management and more than $750 billion in assets under advisement (as of September 30, 2022).
Raleigh, N.C.—January 12, 2023—CAPTRUST Financial Advisors (CAPTRUST) announced today the addition of TrustCore Financial Services (TrustCore). The registered investment advisor (RIA) is based in Nashville, Tennessee, and is led by Partner and CEO Gary Dean. TrustCore is the second CAPTRUST office in Nashville, following the addition of New Market Wealth Management in 2021.
TrustCore oversees nearly $2.3 billion in assets and supports individuals, families, endowments, and foundations. More than 75 percent of TrustCore’s clients are located in the Middle Tennessee region. The deal brings 48 new colleagues to CAPTRUST, and the TrustCore team of 16 financial advisors focuses on a holistic approach to providing client service.
“Joining CAPTRUST takes our business to the next level,” said Dean. “The growth opportunity with CAPTRUST for our entire team is unmatched across the industry. We look forward to tapping into the valuable resources the firm has to offer to make our clients’ experience even better.”
“TrustCore is an exciting addition to the CAPTRUST family,” said Rush Benton, CAPTRUST senior director of strategic growth. “Gary and his team bring decades of industry experience, and we look forward to growing our business in the Nashville area through their expertise in both individual wealth management and services for nonprofits.”
This deal closed in late 2022 and is the 63rd for the firm since 2006. Consistent with other transactions, TrustCore will take on CAPTRUST branding. Republic Capital Group served as TrustCore’s financial advisor in the transaction.
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).
Raleigh, N.C.—December 15, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Generations Wealth Management (Generations) in West Des Moines, Iowa, and Kairos Private Wealth (Kairos) in Lake Mary, Florida. The two transactions bring five colleagues to the firm and expand CAPTRUST’s presence in Florida and Iowa, enhancing wealth practices in locations with existing institutional advisors and clients.
“A core part of our growth strategy is to pair wealth management and retirement plan advisors together in markets around the country. The combination of the two practice areas fuels incredible opportunities for new business,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “Generations and Kairos are two great examples of successful wealth management businesses that we are able to tuck into markets where we already have established retirement plan advisors.”
Founded in 2009 by Julie Fuller and Michelle Mahoney, Generations is an all-women firm that provides family office services, financial planning, investment management, and tax consulting to clients in the Midwest.
“We are thrilled to be a part of CAPTRUST and to join the team in West Des Moines,” said Mahoney. “We knew the CAPTRUST culture was a fit with its collaborative business model of one unified practice.”
“Michelle and I look forward to tapping into the state-of-the-art technology, infrastructure, and internal partnership with the institutional advisors that will take our business to the next level,” said Fuller.
“We are looking forward to building out our wealth management practice with Generations and Kairos,” said Benton. “Both teams will fit right into our presences in Florida and Iowa, and we will all mutually benefit from this strategic growth at the firm.”
Taylor Bauerle leads Kairos as its president and provides wealth management services to high-net-worth individuals, with expertise in tax strategy, risk management, and estate planning.
“The local team was looking for a wealth partner to bridge the gap with their institutional business. I was looking for a growth engine and found that in CAPTRUST,” said Bauerle. “CAPTRUST’s growth strategy to segue clients across the institutional and wealth sides of the business was appealing to me. By joining CAPTRUST, I can focus purely on taking care of current clients and growing my business.”
These two deals mark CAPTRUST’s 61st and 62nd transactions since 2006. Both Generations and Kairos will take on CAPTRUST branding consistent with other deals.