Raleigh, N.C.—November 3, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced its 60th deal since 2006 with the addition of Danda Trouvé Investment Management (DTIM). The wealth management firm is based in Prairie Village, Kansas, and the firm’s president, Michelle Trouvé, CFA, along with two associates will join CAPTRUST.
“CAPTRUST is a well-run firm that will make our team even better,” said Trouvé. “For us, one of the most important characteristics we were looking for in a firm was a robust investment process. As a former sole practitioner, I’m excited to have access to a world-class investment lineup and tap into these successful people.”
Trouvé and her team provide long-term, personalized wealth services to high-net-worth clients across the Midwest. DTIM specializes in managing portfolios with $2.5 million or more in investable assets This addition is the fourth women-led firm in recent years to join CAPTRUST, including South Texas Money Management, Plante Moran Financial Advisors, and Shine Wealth Partners.
Trouvé learned about CAPTRUST from Kansas City-based Nick Blasi and the Frontier Wealth Management team, who joined CAPTRUST earlier this year.
“Michelle and her client-first approach will enhance our wealth practice in the Midwest and provide further fuel for CAPTRUST’s growth,” said Rush Benton, CAPTRUST’s senior director of strategic growth.
This is CAPTRUST’s fourth deal of 2022 and 60th since 2006. Consistent with other transactions, DTIM will take on the CAPTRUST brand.
“After 60 deals, we feel uniquely positioned in the RIA industry to fully integrate firms and make them better from day one,” continued Benton.
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 1,100 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 June 30, 2022).
Raleigh, N.C.—October 19, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Patriot Pension Advisors (PPA) based in Foxborough, Massachusetts. Founded in 2002, PPA supports sponsors of retirement plans, including 401(k), 403(b), and defined benefit plans. The firm oversees more than $900 million in client assets and is led by Ted Burke, who will be joining CAPTRUST, along with his colleague Michelle Marchionni.
“When you get right down to it – we are retirement plan specialists,” said Burke. “And that’s why we decided to grow with CAPTRUST. If this is what you do—and you are looking for true retirement plan support—this is the best place to be.”
The addition of PPA further expands CAPTRUST’s footprint in Massachusetts. More than 50 colleagues from RINET and Cammack Retirement Group joined the firm last year. Boston Advisors joined in 2019.
“Overall, we needed more tools and resources for our plan sponsors and plan participants,” said Burke. “We are looking forward to enhanced fiduciary and investment training, plus greater access to marketing content to educate our clients.”
“We are excited to build out our institutional business in the Northeast with the addition of PPA,” says Rick Shoff, managing director of CAPTRUST’s Advisor Group. “Ted and Michelle bring decades of experience in this industry, and we look forward to helping their clients enhance their retirement planning experience.”
This is the 59th deal for CAPTRUST since 2006 and the third of 2022. Consistent with other transactions, Patriot will take on the CAPTRUST brand. MidCap Advisors served as PPA’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. 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 1,100 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 June 30, 2022).
The CAPTRUST Community Foundation (CCF) today announced donations to 69 charities across the country, totaling $610,000 for the nonprofit’s third annual Giving Day. The CCF is CAPTRUST’s 501(c)(3) foundation whose mission is to enrich the lives of children in local communities.
Each CAPTRUST office had the opportunity to allocate $10,000 to nonprofits in its community. Giving Day recipients align with the CCF’s mission of benefiting children.
“CAPTRUST’s Giving Day has been a success in years past, and we’re happy that as we grow as a company, we are able to support even more nonprofits this year,” said Philip D’Unger, president of the CCF. “We are honored to support a diverse group of organizations impacting the lives of children across the country.”
The charities that received donations are:
Founded in 2007, the CCF has awarded more than $3.8 million in grants through 2021 to charitable organizations across the country that help children in need. The CCF is an employee-run organization, and fundraising is primarily through employee payroll deductions that are matched by CAPTRUST.
To learn more, 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. 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 1,100 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 June 30, 2022).
Raleigh, N.C.—August 11, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Reynolds Investment Management (RIM), based in Greenville, South Carolina. Established in 1989, RIM provides wealth management services to individuals and families, business owners, medical professionals, and retirees. The RIM team also offers investment advisory services to retirement plan sponsors, endowments, and foundations.
The firm is led by Tom Reynolds and oversees more than $600 million in assets from several hundred clients. A total of eight new colleagues will be joining CAPTRUST.
“As we continued to grow, we didn’t want to recreate the wheel,” said Reynolds. “We got to know the folks at CAPTRUST and saw the robust systems in place, from technology and compliance to HR and marketing. We believe that joining CAPTRUST will relieve us of many administrative functions to allow us to spend more time with our clients.”
RIM has a close relationship with the former Nachman Norwood & Parrott Wealth Management (NNP), also based in Greenville, which joined CAPTRUST last year.
“I’ve known a couple of the principals at NNP for many years,” said Reynolds, “and it was a natural fit to partner with the existing Greenville office, based on the similar clients we work with. We are excited to build a powerhouse here.”
“The team at RIM aligns with CAPTRUST in many ways, and we look forward to growing our footprint in South Carolina,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “Tom and his colleagues are enthusiastic about the growth opportunity for their advisors, and we know joining CAPTRUST will set them up for success.”
This is the 58th deal for CAPTRUST since 2006. Consistent with other transactions, RIM will take on the CAPTRUST brand and work alongside the team in Greenville, South Carolina.
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. 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 1,100 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 March 31, 2022).
Raleigh, N.C.—July 26, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Frontier Wealth Management (Frontier). Headquartered in Kansas City, Missouri, Frontier brings an extensive Midwest footprint, with additional locations in St. Louis, Missouri; Wichita, Kansas; Omaha, Nebraska; and Denver, Colorado.
Frontier offers a full range of financial planning, investment, insurance, and other wealth management solutions to individuals, families, executives, and professionals, as well as advisory services to corporate retirement plans.
Frontier is led by Partner and CEO Nick Blasi and adds more than $4 billion in new client assets, five locations, and 46 new colleagues to CAPTRUST.
“I have known CAPTRUST for years. As I started creating Frontier’s strategic plan for the next three years, I realized that we would need to invest significant time, energy, and capital to build out areas of our business, like cybersecurity, marketing, and investment services, to continue to grow. These are already areas where CAPTRUST has achieved significant scale,” said Blasi. “Joining CAPTRUST will benefit not only our clients, but the Frontier team as well. From the opportunity to become shareholders to new career paths, CAPTRUST puts our team on a great trajectory for growth.”
“Nick and his team have built an impressive business with many operational similarities to ours, which, along with strong cultural alignment, creates an excellent fit for CAPTRUST,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “Frontier understands and shares our method of one unified practice, and we are excited to see how they grow and thrive as we join forces.”
“We know that the resources CAPTRUST offers are a value add for our business, including its people. Once our colleagues understood the full capabilities of the CAPTRUST team, the enthusiasm solidified our decision. The move to CAPTRUST is immediately a step in the right direction for us,” continued Blasi.
This deal marks the first for CAPTRUST to close in 2022 and the 57th firm overall to join since 2006. Consistent with previous firms, Frontier will transition to the CAPTRUST brand.
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. 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 1,100 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 March 31, 2022).
Raleigh, N.C. – June 16, 2022 – The CAPTRUST Community Foundation (CCF), an employee-run 501(c)(3), today announced its 2022 Charity of Choice, receiving a $100,000 grant: The Green Chair Project. Additionally, five nonprofits were selected to receive CCF national grants of $25,000 each.
Founded in 2007, the CCF’s mission is to enrich the lives of children in communities we serve. Through the end of 2021, the CCF has awarded over $3.879 million in grants to charitable organizations across the country that help children. Fundraising is primarily via employee payroll deductions that are matched by CAPTRUST.
The Green Chair Project will receive a $100,000 grant to support its mission of providing the essentials of home to neighbors in need facing the challenges of homelessness, crisis, or disaster in Wake County, North Carolina. The grant will directly support Green Chair’s Sweeter Dreams program, providing beds and cribs to 400 children and babies in Wake County who lack a safe place to sleep. In addition to the funding, Green Chair will receive support from CCF volunteers throughout the year.
“We are so grateful to be selected as the CAPTRUST Community Foundation’s 2022 Charity of Choice,” said Jackie Craig, Green Chair’s co-founder and chief executive officer. “The CCF’s trust in our mission ensures that more children in need in Wake County, North Carolina will have a safe and comfortable place to sleep.”
In addition to its work with The Green Chair Project, the CCF selected five charities that will receive national grants of $25,000 in 2022. The five recipients are:
“We recognize the immense needs of children across our communities as we all recover from the effects of COVID-19,” said Philip D’Unger, president of the CCF and manager, wealth planning, at CAPTRUST. “We are incredibly excited and fortunate to work with this year’s Charity of Choice, The Green Chair Project, as well as the national grant recipients, who all do amazing work in their respective 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 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. 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 1,100 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 March 31, 2022).
Raleigh, N.C.—January 19, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced two additional deals that were completed in 2021: Crescent Capital Consulting (Crescent) and New Market Wealth Management (New Market). In total, CAPTRUST added 11 firms in 2021, a new record for the firm.
Based in New Orleans, Crescent provides investment management services to institutions as well as high-net-worth and ultra-high-net-worth families. Crescent also has several endowment and foundation clients and offers institutional investment management consulting. Crescent is led by President Andrew Wisdom, Executive Vice President Bryan Fitzpatrick, and Executive Vice President of Operations Luis Zervigon. They are joining CAPTRUST, along with 16 other colleagues and add $1.5 billion in assets.
“We are proud of the firm we built over the past 12 years. As we have grown, our clients’ needs have grown, so we needed access to a broader, deeper, and independent platform to meet those needs,” said Wisdom, who joins CAPTRUST as a principal. “CAPTRUST provides us with a full spectrum platform, freedom from advisory conflicts, and matches our values and culture perfectly. We are delighted to become part of CAPTRUST as professionals and know this transition is a win for our clients.”
Crescent also brings to CAPTRUST estate planning, tax compliance, and advisory services, as well as family governance and trust management. Since late 2020, CAPTRUST has added several firms to build out these offerings, including:
New Market is a wealth management firm led by Principal Daryl Deke and brings to CAPTRUST its first brick-and-mortar location in Nashville. Deke, who recently relocated his firm from Irvine, California, to build out this new location for CAPTRUST, has decades of deep expertise in financial services at several national firms. He adds to CAPTRUST $275 million in assets.
“Our firm and my professional experience have a combined 35-year history of serving clients in the southeast, including working with investors in Nashville. We have developed businesses in many markets around the country and the growth that is occurring in Nashville makes for a unique opportunity,” said Deke. “Our capabilities, combined with CAPTRUST’s robust resources and scale, make for an unbeatable team in the market.”
“While we have long had clients in Nashville and New Orleans, adding physical locations in these top strategic markets has been priority for CAPTRUST,” said Rush Benton, senior director, strategic growth for CAPTRUST. “Crescent is a natural fit for CAPTRUST with existing clients in all three of our lines of business. Daryl’s extensive industry relationships and understanding of the industries that are key to the Nashville market will fuel his rapid growth.”
New Market is the 55th firm and Crescent is the 56th firm to join CAPTRUST since 2006. Consistent with previous firms that have joined CAPTRUST, both firms will take on the CAPTRUST brand moving forward. Crescent was represented by law firm Jones Walker.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. 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 1,000 employees across 60 locations nationwide, CAPTRUST oversees more than $85 billion in assets under management and more than $660 billion in assets under advisement (as of September 30, 2021).
Raleigh, N.C.—January 14, 2022—CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Portfolio Evaluations, Inc. (PEI). Based in Warren, New Jersey, PEI provides advice, guidance, direction, and education to the fiduciaries of institutional investment programs, including retirement plans, foundations, endowments, and family office groups.
PEI was founded in 1992 and is led by Co-Founders and Partners Attila Toth, Michael Sasso, and Rich Torbinski. The team brings to CAPTRUST more than $107 billion in assets and several hundred clients.
“At PEI, the cornerstones of our success have been our independence, fiduciary process, and our focus on serving our clients. CAPTRUST aligns well with these core values and will allow us to continue our remarkable track record of growth,” said Toth.
“Over the last 30 years, we have built a reputation based on trust and unmatched client service. Joining forces with CAPTRUST will allow us to build out this solid foundation with additional services like participant advice and expands our expertise in areas like alternatives and nonqualified benefits,” said Sasso.
“We’ve admired PEI for years, and they’ve been a formidable competitor. We are excited for this next chapter and believe coming together as two powerhouses in the independent advisory industry will only serve to make us all stronger,” said Rick Shoff, managing director of CAPTRUST’s Advisor Group.
PEI is the third significant institutional-focused firm that CAPTRUST added in the last year. Previously, CAPTRUST announced the addition of $154 billion AUA Cammack Retirement Group in February 2021 and $85 AUA billion Ellwood Associates in August 2021.
This deal closed in late 2021, making PEI the 54th firm to join CAPTRUST since 2006 and the ninth announced for 2021. Consistent with previous firms that have joined CAPTRUST, PEI will take on the CAPTRUST brand moving forward.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. 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 1,000 employees across 60 locations nationwide, CAPTRUST oversees more than $85 billion in assets under management and more than $660 billion in assets under advisement (as of September 30, 2021).
RALEIGH, NC – January 12, 2022 – The CAPTRUST Community Foundation (CCF), a CAPTRUST employee-run 501(c)(3) organization, today announced a record annual donation of $1,054,000 to 176 nonprofits in 2021, and it raised an additional $630,000. The CCF also unveiled its new board members, once again led by Philip D’Unger, who will continue to serve as the organization’s president in 2022.
The CCF provides grants to charitable organizations across the country that serve the mission of enriching the lives of children in need. Founded in 2007, the CCF has donated more than $3.879 million in grants. Throughout 2021, the CCF continued its track record of supporting hundreds of organizations annually. In August, the firm held its second annual Giving Day, which resulted in $510,000 given to 56 charities around the country.
The CCF also today unveiled its board for 2022, once again led by Philip D’Unger, manager, wealth planning at CAPTRUST. He will be supported by:
The board is also supported by oversight members Greg Delage, Rhonda Downum, Nathan Erickson, Juanita Evans, Mary Hime, Vivian Houchens, Todd Jones, Bryan Lewis, and David Wahlen.
“2021 was another difficult year for many nonprofits in our communities, as they continued to deal with the ramifications of COVID-19, and we are proud of the impact we were able to make on more than 175 organizations last year,” said D’Unger. “In 2022, our focus is on encouraging more of our 1,000 employees around the country to get involved in the CCF and to further build out our financial literacy program for young people.”
The CCF is wholly run by CAPTRUST employees, with fundraising sourced primarily from employee payroll deductions that are matched by CAPTRUST. To learn more, visit https://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.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. 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 1,000 employees across 60 locations nationwide, CAPTRUST oversees more than $85 billion in assets under management and more than $660 billion in assets under advisement (as of September 30, 2021).
Raleigh, N.C.—December 8, 2021—CAPTRUST Financial Advisors (CAPTRUST) today announced that Boston-based RINET Company (RINET) has joined the firm. Founded in 1974, RINET has a comprehensive offering for high-net-worth clients, as well as a robust suite of family office services.
RINET’s team builds meaningful relationships with the individuals and families it serves, spanning years and multiple generations. The firm is led by Brian Rivotto, Gary Savage, and Rebecca Pouliot, who will be joining CAPTRUST, along with 26 additional colleagues. RINET brings to CAPTRUST more than $2.2 billion in assets.
“When we started exploring the next phase for RINET, we were seeking alignment on three core principles that have been our bedrock for nearly 50 years,” said Brian Rivotto, RINET managing director and CEO. “These include providing superior client service, independent and sound advice, and a fee-only structure. It became clear very early on in the process that CAPTRUST not only shared these views but had developed the scale to provide a level of client service that is unmatched in the industry.”
Over the past few years, CAPTRUST has built a notable presence in Boston, including the addition of the wealth management division of Boston Advisors’ Private Advisory Group in 2019 and the sizeable Cammack Retirement Group, which added $154 billion in retirement assets earlier this year.
“It has been our belief since we began acquiring firms in 2006 that there is a clear benefit to offering both wealth and institutional services within a single market,” said Rush Benton, senior director, strategic growth for CAPTRUST. “This has been one of our main drivers of deals for us and has helped us to accelerate our integration process when we are growing in markets where we already have a footprint.”
RINET is the second firm that CAPTRUST has added this year with a significant offering in family office services, following the addition of Covenant Multifamily Offices in Texas and Oklahoma.
RINET is the 53rd deal that CAPTRUST has completed since 2006, and the eighth firm to join CAPTRUST in 2021, a record for the firm. Consistent with previous firms that have joined CAPTRUST, RINET will take on the CAPTRUST brand moving forward. Steven M. Levitt and Park Sutton Advisors acted as the exclusive financial advisor to RINET.
About CAPTRUST
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. 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 1,000 employees across 60 locations nationwide, CAPTRUST oversees more than $85 billion in assets under management and more than $660 billion in assets under advisement (as of September 30, 2021).