RALEIGH, N.C. – March 30, 2021 – CAPTRUST Financial Advisors (CAPTRUST) today announced performance results for 2020, which included record revenue and assets. The firm also today announced the promotion of Eddie Welch to managing principal for the wealth management group.
Eddie joined CAPTRUST in 2020 from Welch Hornsby—an independent, fee-only investment advisory firm he co-founded in 1988, where he served as the firm’s chairman and chief executive officer. In his new role, Eddie will lead our Wealth Management Business line, overseeing financial planning, tax, client services and operations.
“When we joined CAPTRUST just over a year ago, I was already impressed with the deep wealth management resources that immediately made a positive impact on our clients,” said Welch. “Since then, CAPTRUST’s wealth management offering has only grown, including the addition of new services like tax consulting and compliance. I am excited to lead the next phase of tremendous growth the firm is embarking on.”
The firm also today announced another record year of growth. For 2020, total revenues increased by 27 percent, up from 25 percent in 2019. Since the firm was founded 23 years ago, CAPTRUST has had an annual compounded growth rate of 22 percent per year. For assets, CAPTRUST brought in a record $87.6 billion in client assets in 2020, increasing the firm’s total client assets to over $450 billion.
“In what for many was an extremely difficult year personally and professionally, CAPTRUST rose to the challenge of serving our clients, colleagues, and communities while achieving record performance. We didn’t lay off employees as a result of the market downturn. We didn’t take any PPP loans. We relied on the strong foundation that we built over the last three decades to not only face this adversity, but to continue to work toward our long-term strategic goals. I could not be more proud of what this organization achieved in 2020,” said J. Fielding Miller, CAPTRUST co-founder and CEO.
“We believe that one of strongest indicators of a company’s health is organic growth. Despite the market volatility, we remained steadfast in our growth trajectory and achieved notable organic revenue growth, in addition to our inorganic growth through the addition of seven new firms around the country,” said Ben Goldstein, CAPTRUST president.
Another important and unique metric for the firm is growing the number of shareholders. As a majority employee-owned firm, CAPTRUST employees at all levels are awarded shares in the firm after three years of service. In the past year, there were 124 new shareholders, bringing the firm’s total shareholder count to more than 500.
“A key part of our CAPTRUST culture that keeps us all driving in a singular direction is this concept of shared ownership. We wanted our employees to be able to have a long and fulfilling career here and be able to retire comfortably. Our equity program supports this goal because it is awarded to our employees, not something they purchase,” continued Miller.
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 800 employees across more than 50 locations nationwide, CAPTRUST oversees more than $60 billion in assets under management and $600 billion in assets under advisement (as of February 15, 2021).
RALEIGH, N.C. – March 9, 2021 – CAPTRUST Financial Advisors (CAPTRUST) today released the findings from its annual Endowment & Foundation Survey, highlighting the unique needs of nonprofits with long-term investment assets between $10 million and $250 million. The firm surveyed 171 organizations, including private foundations focused on religious, educational, and other charitable missions.
The survey was conducted in August and September 2020 and included questions around the impact of COVID-19, return objectives, fundraising, and portfolio risk, among others. When considering the impact of the global pandemic, the same proportion of nonprofits (31 percent) reported a suspension or termination of programs and services as those that identified an increase in programs and services, highlighting the critical services that many of these organizations provide (e.g., soup kitchens and churches).
“Many nonprofits had to balance the challenges of the current environment, but these organizations are rising to the occasion by continuing to serve their constituencies,” said Grant Verhaeghe, senior director, endowment and foundation practice leader at CAPTRUST. “The reality is that the pressures on each type of organization are unique, but despite that, there are some commonalities as they work together to meet the needs of the communities they serve.”
When it comes to investments, about a third of respondents (31 percent) are currently utilizing environmental, social, and governance (ESG); impact; or mission-aligned strategies. Nearly half of organizations not allocating to such investments (47 percent) indicate those strategies have not even been considered. Other reasons cited for not moving forward with one of these strategies is lack of a defined solution (23 percent) and complexity (16 percent), while expense (3 percent) and lack of manager track record (2 percent) were less of an issue.
“In past years of the survey, we had typically seen a greater adoption of ESG, impact, and mission-aligned investing among organizations with fewer assets. Now, larger organizations with more complex sets of stakeholders are catching up with their smaller peers,” said James Stenstrom, endowment and foundation director at CAPTRUST.
For nonprofits that use ESG, impact, or mission-aligned investing, more than three-quarters (78 percent) rely on negative screening, meaning they omit companies with business practices that do not align with their ethics rather than looking for organizations that exhibit desirable characteristics. Additionally, while ready-made ESG products continue to proliferate, 83 percent of organizations utilize custom strategies—at least in part—to fit their priorities.
For organizations’ overall asset allocations, two-thirds leverage tactical asset allocation. Those doing it internally—with the help of an investment committee, board of directors, and staff—consistently underperformed those leveraging an external party, such as an investment advisor or an outsourced chief investment officer.
“Seventy-one percent of organizations surveyed rely on internal investment committees or a board of directors to determine their tactical asset allocations,” said Stenstrom. “Especially in times of market volatility, there can be an advantage to working with dedicated, outside resources for investment advice, and we continue to see a greater number of nonprofits moving toward those services.”
The 2020 Endowment & Foundation Survey dives into a number of additional topics, including asset allocation, spending policy, and performance trends. The full findings can be found here.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with a mission to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm provides investment management, financial planning, and income and estate tax compliance and consulting services for individuals and families. For retirement plan sponsors, endowments, foundations, and religious entities, CAPTRUST offers investment advisory services, fiduciary support, provider analysis/fee benchmarking, and participant advice. With more than 800 employees across more than 50 locations nationwide, CAPTRUST oversees more than $60 billion in assets under management and $600 billion in assets under advisement (as of February 15, 2021).
RALEIGH, N.C. – February 16, 2021 – CAPTRUST Financial Advisors (CAPTRUST) today announced that Cammack Retirement Group (Cammack Retirement) has joined the firm. With $154 billion in assets under advisement (AUA), the addition of Cammack Retirement elevates CAPTRUST’s AUA to more than $600 billion.
Cammack Retirement has a 50-year history of helping retirement plan sponsors fulfill their fiduciary responsibilities and participants achieve a successful retirement. The New York City and Wellesley, MA-based firm, which also has an office in Lexington, KY, brings 38 new colleagues to CAPTRUST. The firm is led by Jeff Levy, Mike Volo, Emily Wrightson, Mike Sanders, and Earle Allen, who all join CAPTRUST as principals.
“Cammack Retirement Group and CAPTRUST are two of the largest firms in the institutional retirement space, with Cammack Retirement serving over 170 plan sponsors, which represents nearly 1.3 million participants,” said Rick Shoff, CAPTRUST managing director, advisor group. “Bringing together our resources and deep expertise makes our offering unmatched in the industry.”
“Becoming a part of CAPTRUST will help us to achieve two of our long-term goals: to expand our geographical footprint and add new lines of business and services for our existing clients,” said Levy. “This exciting next chapter for Cammack Retirement will allow us the opportunity to grow, take on new challenges, and expand career opportunities for our employees.”
“Cammack Retirement and CAPTRUST have decades of experience providing exceptional client service and fiduciary support for plan sponsors,” said Volo. “Our shared values of prioritizing our clients, colleagues, and communities makes joining CAPTRUST a natural fit and will position us to best serve our clients now and in the future.”
Cammack Retirement Group is the forty-seventh firm that has joined CAPTRUST since 2006 and will take on the CAPTRUST brand moving forward.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with a mission to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm provides investment advisory, investment management, and planning services to thousands of private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities. With more than 800 employees across more than 50 locations nationwide, CAPTRUST oversees more than $60 billion in assets under management and $448 billion in assets under advisement (as of December 31, 2020).
RALEIGH, N.C. – February 3, 2021 – CAPTRUST Financial Advisors (CAPTRUST) today announced the addition of Sacramento, California-based Genovese Burford & Brothers Wealth & Retirement Plan Management, LLC (GBB).
GBB was founded in 1987 by Mike Genovese and Lon Burford to provide financial advice to individuals and retirement plans. The firm currently has $3.13 billion in assets under advisement for nearly 1,500 clients. In addition to Genovese and Burford, GBB is led by Chief Executive Officer Alex Brown and Partner Kelly Brothers.
“I co-founded GBB more than 30 years ago on the premise that a collaborative team continuously building their knowledge could better serve clients’ interests than any one individual,” said Genovese. “Joining CAPTRUST is the continuation of this vision as we plug into a network of more than 800 new colleagues and a wealth of centralized resources. The scale that CAPTRUST has achieved, which allows us to leverage everything from technology and trading to compliance and marketing, is truly unmatched in the industry.”
“GBB’s hybrid model of providing wealth and institutional services is only a part of what makes them a great fit for CAPTRUST,” said Rush Benton, CAPTRUST senior director, strategic growth. “The firm shares our growth mindset, and we are confident the GBB team will flourish as a part of CAPTRUST.”
GBB brings to CAPTRUST 36 new colleagues, including 17 financial advisors. GBB is the forty-sixth firm that has joined CAPTRUST since 2006 and will take on the CAPTRUST brand moving forward. CAPTRUST also has an additional Northern California location in San Ramon.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with a mission to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm provides investment advisory, investment management, and planning services to thousands of private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities. With more than 800 employees across 49 locations nationwide, CAPTRUST oversees more than $50 billion in assets under management and $409 billion in assets under advisement (as of September 30, 2020).
RALEIGH, N.C. – January 29, 2021 – CAPTRUST Financial Advisors (CAPTRUST) today announced that PWA Wealth Management (PWA) has joined the growing firm. The Pittsburgh-based team is led by Founder and CEO Joe Scarpo and brings 15 employees, including seven financial advisors, to CAPTRUST.
PWA was founded in 2003 and advises on more than $800 million in assets for individuals, small business owners, and institutional clients. The firm provides wealth management and financial planning services out of its offices in Pittsburgh and Greensburg, PA. PWA is joining CAPTRUST to leverage the firm’s deep resources and complementary business lines to promote long-term growth for the team and its clients.
“Our team at PWA Wealth Management has always worked to ensure we truly understand our clients and that we deliver financial advice that supports their short- and long-term goals,” said Scarpo. “From our first meeting with CAPTRUST we saw all of the synergies between our business model and theirs, and we cannot wait to leverage the firm’s deep resources and impressive scale to improve our service offering and bring greater growth opportunities for our clients and team members.”
“The team Joe has built out in Pittsburgh and the growth that it has been able to accomplish really stood out to us at CAPTRUST,” said Rush Benton, CAPTRUST senior director, strategic growth. “We are confident that the PWA team will fit perfectly into our business, and that these new team members will help expand CAPTRUST’s presence in Pennsylvania—enabling us to serve more clients nationwide.”
The addition of PWA marks CAPTRUST’s first office in Western Pennsylvania. Since 2006, a total of 45 firms have joined CAPTRUST and PWA was the seventh firm that joined CAPTRUST in 2020. As with all firms that join CAPTRUST, PWA Wealth Management will transition to the CAPTRUST name and branding.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with a mission to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm provides investment advisory, investment management, and planning services to thousands of private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities. With more than 800 employees across 49 locations nationwide, CAPTRUST oversees more than $50 billion in assets under management and $409 billion in assets under advisement (as of September 30, 2020).
RALEIGH, NC – January 14, 2021 – The CAPTRUST Community Foundation (CCF), a CAPTRUST employee-run 501(c)(3) organization, today announced a record annual donation of $1 million to 211 nonprofits in 2020. The CCF also unveiled its new board, led by Philip D’Unger, who will serve as the organization’s president in 2021.
The CCF provides grants to charitable organizations across the country that serve the mission of supporting children in need. Founded in 2007, the CCF has donated more than $2.6 million in grants. In 2020, the CCF broadened its focus to include individuals, families, and communities who were affected by the global COVID-19 pandemic. As a result, the CCF distributed over $1 million in grants over the course of the year. One of the larger initiatives of 2020, the Giving Thanks campaign, provided $10,000 grants to 45 charities nationwide. This resulted in $450,000 given directly to the communities that needed it the most during the holiday season.
“I am so thankful to my CAPTRUST colleagues who stepped up this past year to make it possible for us to donate a record amount to our communities,” said Tiffany Larew, the 2020 CCF president.
The CCF also today unveiled its board for 2021, led by Philip D’Unger, senior team leader, wealth planning at CAPTRUST. He will be supported by:
The board is also supported by oversight members Melissa Colley, Greg Delage, Rhonda Downum, Mary Hime, Vivian Houchens, Todd Jones, Veronica Karas, Tiffany Larew, Bryan Lewis, Scott Wertheim, and Cheryl Wickham.
“The CAPTRUST Community Foundation allows us to make a real impact on our communities, not only because of the monetary donations we make, but also because of the time that our employees spend volunteering,” said D’Unger. “I am incredibly proud of the achievements of the CCF in 2020, led by Tiffany Larew, and look forward to continuing to build on this momentum in 2021.”
The CCF is wholly run by CAPTRUST employees, with fundraising primarily sourced 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.
RALEIGH, N.C. – January 7, 2021 – CAPTRUST Financial Advisors (CAPTRUST) today announced that the firm has added Phoenix-based MRA Associates (MRA). The 59-person firm brings $3.29 billion in assets under management to CAPTRUST.
Founded in 1991, MRA provides investment advisory, wealth management, and tax consulting for private clients and institutions. The firm is led by Managing Partner and Chief Executive Officer, Mark Feldman and the Executive Leadership Team comprised of Brad Lemon, Christina Burroughs, and Mike Hirte and includes 55 advisors and staff.
“We are proud of the tremendous practice we have built over the last nearly three decades,” said Feldman. “The decision to join CAPTRUST was an easy one once we understood the considerable level of scale we would be plugging into. I believe all of our clients will benefit greatly from the depth of the firm’s investment capabilities, as well their institutional capacity and leverage.”
“The southwest has long been a target market for CAPTRUST and MRA is giving us a significant presence in the region,” said Rush Benton, CAPTRUST senior director, strategic growth. “The team has created a phenomenal firm and we look forward to learning from their best practices as we integrate them into CAPTRUST.”
MRA also brings to CAPTRUST a new service offering: income and estate tax compliance and consulting services for individuals, families, trusts, and related closely held operating businesses and entities.
“Over the years, we’ve seen a number of RIAs with tax practices that consisted only of a single employee who did returns seasonally. When MRA came along, we were impressed not only by the sophistication of their tax offering, but also by their ability to integrate their tax planning into their holistic wealth management process,” continued Benton. “We see a lot of opportunity and look forward to offering tax consulting to our current clients in 2021.”
Since 2006, CAPTRUST has added 44 firms. Consistent with previous firms that have joined, MRA’s locations in Phoenix, Las Vegas and Wayzata, Minnesota will now take on CAPTRUST’s name and branding.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with a mission to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm provides investment advisory, investment management, and planning services to thousands of private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities. With more than 730 employees across 49 locations nationwide, CAPTRUST oversees more than $50 billion in assets under management and $409 billion in assets under advisement (as of September 30, 2020).
RALEIGH, N.C. – November 12, 2020 – CAPTRUST Financial Advisors (CAPTRUST) today announced that Shine Wealth Partners has joined the firm. The Denver-based shop is led by Founder and CEO Judy Shine, a financial planning pioneer with more than three decades of experience. This will be CAPTRUST’s first location in Colorado.
Shine Wealth Partners was founded in 1995 and advises on more than $785 million from individuals and families. In addition to Judy, the team is led by President and Senior Wealth Advisor Karen Salvatore, Senior Wealth Advisors and Principals Beth Cornell and Elisabeth Jacobson, and Senior Wealth Advisor Peter Vander Ploeg. They bring along with them four additional team members.
“I founded Shine Wealth Partners because of the great need for unbiased advice and financial planning,” said Shine. “The commitment to being a fiduciary is one of the many reasons why I have decided to align my firm with CAPTRUST and believe my team and our clients will benefit greatly from the added resources we’ll have access to going forward.”
“Judy is someone that I have known for a long time, and I greatly admire the practice she has built in Colorado,” said Rush Benton, CAPTRUST senior director, Strategic Growth. “Judy and her team have long been focused on doing what’s right for their clients, which is a core component of our mission at CAPTRUST. I have great confidence that their practice will continue to grow and flourish, especially as they tap into our centralized resources.”
This is the fifth firm that has joined CAPTRUST this year and the third female-led firm added since 2019. Since 2006 a total of 43 firms have joined CAPTRUST. As with all firms that join CAPTRUST, Shine Wealth Partners will transition to the CAPTRUST name and branding.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with more than 700 employees nationwide and more than $400 billion in client assets under advisement (as of September 30, 2020). CAPTRUST has clients in all 50 states and provides investment advisory, asset management, and planning services to thousands of affluent private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities.
RALEIGH, NC and Southfield, MI – September 10, 2020 – CAPTRUST Financial Advisors (CAPTRUST) today announced that it has added the retirement plan advisory practice of Plante Moran Financial Advisors (PMFA), one of the nation’s largest independent registered investment advisors, 100 percent owned by Plante Moran, one of the nation’s largest certified public accounting, tax, wealth management, and consulting firms. With the addition of the PMFA retirement plan advisory team, CAPTRUST has surpassed $400 billion in assets under advisement (AUA).
The team from PMFA is led by Partners Dori Drayton and Susan Shoemaker, who will be joining CAPTRUST as senior vice presidents. Along with Drayton and Shoemaker, 11 additional team members will transition to CAPTRUST. Based in Grand Rapids and Southfield, Michigan, they advise on approximately 200 institutional clients and 240 retirement plans, representing more than $6.27 billion of institutional assets.
“Susan and Dori have built a phenomenal team; they made us better immediately and we believe they will benefit from the significant scale we have built in the retirement business at CAPTRUST,” said Rick Shoff, managing director of CAPTRUST’s Advisor Group. “Despite the volatile market conditions, CAPTRUST has continued on its growth trajectory which has been further bolstered by the four teams we have added this year.”
“It was clear from the beginning that CAPTRUST was the ideal partner to take our team into the next chapter,” said Drayton. “Our clients will immediately be able to tap into CAPTRUST’s participant advice capabilities, a deep research team, and world-class customer support technology. We look forward to introducing our plan sponsor clients to our new colleagues at CAPTRUST.”
“CAPTRUST shares our core belief that we must first and foremost act as a fiduciary and hold on equal footing the needs of our clients, colleagues and communities,” said Shoemaker. “We look forward to working with our new colleagues around the country as we become part of this culture and team that CAPTRUST has built.”
This is the 42nd team to join CAPTRUST since 2006 and the fourth this year. Consistent with previous deals, the retirement plan advisory team from PMFA will take on CAPTRUST branding. Plante Moran, through PMFA and affiliated entities, will retain its broader wealth management clients providing investment consulting, financial planning, trust, insurance consulting, estate planning, business succession, and tax planning services. P&M Corporate Finance (PMCF) served as exclusive financial advisor to PMFA.
About CAPTRUST
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with more than 700 employees nationwide and $394 billion in client assets under advisement (as of June 30, 2020). CAPTRUST has clients in all 50 states and provides investment advisory, asset management, and planning services to thousands of affluent private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities.
About Plante Moran Financial Advisors
Plante Moran Financial Advisors is one of the nation’s largest independent registered investment advisors with over $17 billion in client assets under management (as of December 31, 2019) serving high net worth individuals, family business owners, and not-for-profit organizations, helping them build, manage, and preserve their wealth. As part of Plante Moran Wealth Management, its integrated services include investment consulting, financial planning, trust, insurance consulting, estate planning, business succession, and tax planning.
To learn more, visit Plante Moran Wealth Management
About Plante Moran
Plante Moran is among the nation’s largest accounting, tax and consulting firms and provides a full line of services to organizations in the following industries: manufacturing and distribution, financial institutions, service, health care, private equity, public sector and real estate and construction. Plante Moran has a staff of more than 3,000 professionals throughout Colorado, Illinois, Michigan and Ohio with international offices in Shanghai, China; Monterrey, Mexico; Mumbai, India; and Tokyo, Japan. Plante Moran has been recognized by a number of organizations, including FORTUNE magazine, as one of the country’s best places to work. For more information, visit plantemoran.com.
RALEIGH, NC – June 10, 2020 – CAPTRUST Financial Advisors (CAPTRUST) today announced that Lakeside Wealth Management (Lakeside), based in Chesterton, Indiana, has joined the firm. The Lakeside team brings to CAPTRUST $1.6 billion in assets under advisement (AUA) and 27 employees, increasing CAPTRUST’s nationwide headcount to more than 700. CAPTRUST now also has more than $390 billion in AUA and $45 billion in assets under management (AUM).
Lakeside provides retirement plan design, investment management, and participant education for institutions and financial planning, retirement goal setting, and legacy planning for wealth management clients. Founded in 2002 by CEO Mark Chamberlain, the firm is also led by President Tim Rice and senior leaders Chip Mang and Timothy VerSchure, who will all be joining CAPTRUST as principals.
“During our diligence process, it occurred to us that because of our business mix, ensemble structure, and culture, we may have been looking for a unicorn. Then CAPTRUST came along,” said Lakeside Chief Executive Officer Mark W. Chamberlain. “By aligning ourselves with CAPTRUST, we are confident that our clients will benefit greatly from the added resources of a national firm, and we are excited about continuing to grow as part of the CAPTRUST brand.”
“Lakeside Wealth Management is an ideal fit for CAPTRUST not only because of the alignment across their three lines of business, but also because they are a firm that prioritizes giving back to their community,” said Rick Shoff, a managing director in CAPTRUST’s Advisor Group. “Despite these unprecedented times, we are continuing on our trajectory of strong organic and inorganic growth.”
Giving back to the Indiana community has been a core focus for Lakeside since its inception. The firm has volunteered more than 20,000 hours and received 43 accolades for their efforts, including being named to the 2019 Invest in Others Charitable Champions List. Lakeside team members will now be able to work with the CAPTRUST Community Foundation, CAPTRUST’s employee-run nonprofit that seeks to enrich the lives of children in the communities they serve, to continue this worthy legacy.
Named one of the Best Places to Work in Indiana by the Indiana Chamber of Commerce and one of the Best Places to Work for Financial Advisors by InvestmentNews, Lakeside adds $1.1 billion in institutional and $526 million in wealth managements assets to CAPTRUST. Moving forward, Lakeside will be taking on the CAPTRUST name and brand.
This is CAPTRUST’s forty-first transaction since 2006. Lakeside Wealth Management was represented by Dick Darian of Wise Rhino Group.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with more than 700 employees nationwide and $390 billion in client assets under advisement (as of March 31, 2020). CAPTRUST has clients in all 50 states and provides investment advisory, asset management, and planning services to thousands of affluent private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities.