McQueen, Ball & Associates and Cornerstone Capital Advisors bring in over $2 billion of new client assets
RALEIGH, NC – June 25, 2019 – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent wealth management and retirement plan advisory firms, today announced the addition of McQueen, Ball & Associates and Cornerstone Capital Advisors to its growing team. These transactions bring more than $2 billion of client assets to CAPTRUST and expand the firm’s presence in Pennsylvania and Northeast Ohio.
Founded by Jerry McQueen in 1981, McQueen, Ball & Associates manages $1.3 billion of client assets. Located in Bethlehem, PA, this multidisciplinary team provides financial planning and investment management services for individuals, families, small businesses, and institutions.
Cornerstone Capital Advisors, led by Mario Giganti, is located in Green, OH and oversees $770 million in client assets. The Cornerstone team utilizes goal-based financial planning to help individuals and families and serves as a “personal CFO” for high-income professionals and entrepreneurs. In addition, their fiduciary services team assists businesses and nonprofits with their retirement plans and endowments.
“McQueen, Ball & Associates and Cornerstone Capital Advisors bring growth-minded advisors and client rosters that will quickly reap the benefits of our network and scale. We are excited about the talent and expertise they bring to CAPTRUST,” said Fielding Miller, founder and CEO of CAPTRUST. “Both of these firms are great examples of how we are adding wealth management services in key markets like Pennsylvania and Ohio where we already have established institutional advisors and clients.”
Earlier in 2019, CAPTRUST brought in three partners from Atlanta-based FiduciaryVest who advise on more than $13 billion in institutional assets. This rapid growth comes after a strong 2018 for CAPTRUST that saw 21.5 percent revenue growth and $65 billion in new client assets. The firm now has more than 200 advisors across 43 locations and advises on more than $300 billion in client assets across its wealth management, retirement plan, and endowment and foundation lines of business.
For media inquiries regarding this press announcement, or to speak to a CAPTRUST spokesperson, please contact: CAPTRUST@ficommpartners.com.
About CAPTRUST
CAPTRUST Financial Advisors is an independent, employee-owned firm that provides investment advisory services to retirement plan fiduciaries, endowments and foundations, and comprehensive wealth planning services to executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $300 billion in client assets from its offices located across the U.S.
RALEIGH, N.C. – April 2, 2019 – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent wealth management and institutional investment advisory firms, today announced that it has added three partners and supporting team members from Atlanta-based FiduciaryVest to its growing institutional retirement plan advisory practice. The FiduciaryVest team, led by Philly Jones, brings more than $13 billion in client assets under advisement to CAPTRUST and will assume the company’s brand as part of this merger. The remaining partner and his team will continue to operate independently under the FiduciaryVest name.
Jones co-founded FiduciaryVest in 2005 as an independent, employee-owned registered investment advisor. In the years since, the firm has garnered numerous accolades, most recently making PlanAdviser’s 2018 Top 100 Retirement Plan Advisers list. In addition to Jones, partners Evan Melcher and Zack Sadler, Chief Investment Officer Andy Marino, and other supporting team members are making the move. Their practice serves more than 50 plans, with a focus on mid- to large-market retirement plan sponsors with between $100 million and $2 billion of plan assets.
“Working in the Southeast, we have known CAPTRUST, its reputation, and depth of resources well for some time, but we were blown away when we visited them in Raleigh,” said FiduciaryVest Managing Partner and Co-Founder Philly Jones. “Everyone has been so welcoming, and we are excited to see how our clients respond to the new capabilities we will have, especially participant advice services, a deeper investment and vendor research bench, and defined benefit expertise.”
CAPTRUST offers advisors a variety of resources aimed at accelerating growth and adding value to the client experience. The firm’s centralized, dedicated teams handle all back-office needs and simplify practice management for advisors, freeing them to focus on their primary business goal: serving clients. The combination of CAPTRUST’s institutional business and wealth management services offer a stable foundation for firms seeking a long-term solution for scale and growth.
“Our ability to grow depends on adding great advisors to the team, so we are constantly on the lookout for like-minded individuals who share our firm’s values and goals for growth,” said CAPTRUST CEO J. Fielding Miller. “Philly and his team are top-notch talent who will fit right in. They have already made us better, and I look forward to seeing what they will accomplish in the coming years.”
With the addition of Jones, Sadler, and Melcher, CAPTRUST now has 177 advisors across 40 locations and advises on more than $300 billion in client assets.
About CAPTRUST
CAPTRUST is an independent, employee-owned firm that provides investment advisory services to retirement plan fiduciaries, endowments, and foundations, and comprehensive wealth planning services to executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $300 billion in client assets from its offices located across the U.S.
RALEIGH, NC – March 19, 2019 – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent wealth management and retirement plan advisory firms, today announced the addition of Watermark Asset Management and Rogers Financial to its growing family. These deals rounded out 2018 for CAPTRUST, a strong year of growth for the firm, and that momentum is expected to continue in 2019.
Led by Mark Miller, Watermark Asset Management is an independent investment advisor located outside of San Francisco. The firm, which handles individual client accounts with a high-touch approach, has $400 million in assets under management (AUM) and close to 400 clients. Miller joins CAPTRUST, along with four other financial advisors and three staff members.
Headquartered in Harrisonburg, VA, Rogers Financial is an institutional advisory firm that advises on more than $2.5 billion in assets for 35 retirement plans. Founded in 1994, the firm is run by Ken Rogers, who has worked in the retirement plan industry since 1987. Rogers joins CAPTRUST along with Financial Advisor Jenifer Nesselrodt. Additional terms of both deals are not being disclosed.
“We see both of these organizations as complements to our existing culture and growth trajectory,” said Rick Shoff, managing director of the CAPTRUST Advisor Group. “Their cultures align perfectly with ours, and they bring top-notch talent and experience to our wealth management and institutional retirement advisory businesses.”
During 2018, CAPTRUST announced the addition of four new wealth management firms to its growing advisor team: Knox Capital Group, Catawba Capital Management, Morton Wealth Management, and FCE Group. These acquisitions brought in more than $3 billion in AUM, bringing the total acquired assets for the year to $5.8 billion. Coupled with strong organic growth, CAPTRUST reported a 26% increase in total assets.
“CAPTRUST is well positioned to provide our advisors with best-in-class technology, investment management, and back office resources so they can focus on taking care of clients and winning new business,” said J. Fielding Miller, CEO of CAPTRUST. “We create scale and efficiency for successful, like-minded firms who join us while they help us expand our client offering and culture nationwide.”
CAPTRUST has completed more than 30 deals since 2006. The firm now has 174 advisors across 39 locations and advises on more than $300 billion in client assets across its wealth management, retirement plan, and endowment and foundation client base.
About CAPTRUST
CAPTRUST is an independent, employee-owned firm that provides investment advisory services to retirement plan fiduciaries, endowments and foundations, and comprehensive wealth planning services to executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $300 billion in client assets from its offices located across the U.S.
RALEIGH, N.C. – Dec. 17, 2018 – The CAPTRUST Community Foundation (CCF), a CAPTRUST employee-run 501(c)(3) foundation whose mission is to enrich the lives of children in local communities, is honored to provide a grant in the amount of $125,000 to Kidznotes, a music for social change program for young people that includes instrument instruction, choir, orchestra, and band, in North Carolina’s Triangle region.
Kidznotes’ vision is to be a catalyst for change that uses music to build a thriving network of children, families, and partners in which passion for music unleashes the human potential to transform lives and communities.Kidznotes engages students, pre-K through 12th grade, in an intense out-of-school music program.
“Partnering with Kidznotes is a privilege for the CAPTRUST Community Foundation. We are truly grateful for the opportunity to support children and communities throughmusic,” said CCF President, Nick DeCenso.
During a lunch and learn event at CAPTRUST headquarters, Kidznotes’ Executive Director, Nick Malinowski, graciously accepted the $125,000 grant on behalf of the Kidznotes organization. “The entire Kidznotes family is deeply honored by CAPTRUST Community Foundation’s transformational investment in our work,” said Malinowski. “This investment will allow Kidznotes to provide over 16,500 hours of life-changing music instruction in schools throughout the Triangle.”
The foundation expects to provide financial support to more than 80 children’s charities before the end of 2018, with today’s grant of $125,000 being the largest of the year.
To learn more, visit captrustcommunityfoundation.org
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 volunteer, donate, or learn more about the CAPTRUST Community Foundation, please call 855.649.0943.
About CAPTRUST Financial Advisors
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, endowments and foundations, and executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $278 billion in client assets with 38 offices located across the U.S.
RALEIGH, NC (10.15.2018) – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent Registered Investment Advisors, today announced that the $1.4 billion wealth advisory firm, FCE Group, has joined its team. This marks CAPTRUST’s third merger of 2018 and brings a total of 23 new colleagues to the CAPTRUST organization, which now has more than 480 employees across 38 offices in 20 states.
FCE Group was founded in 1981 and is led by Chairman David H. Schwartz, and CEO Fred Sloan. The firm has a 37-year history of providing clients with independent, holistic wealth management services. “When we considered potential strategic partners as we planned for the long term, CAPTRUST is the only firm that made us feel like we would become part of both a business and a family,” said FCE Group CEO Fred Sloan and FCE Group Chairman David H. Schwartz. “Our primary concern has always been, and remains, the well-being of our clients. The combination of CAPTRUST’s resources, their independence, their stellar track record for growth, and most importantly, their client-focused culture made it clear to us that the decision to join forces with CAPTRUST is the right one for our clients and colleagues. While the decision to merge was not an easy one, we felt it was the optimal path to ensure our continued ability to serve our clients for the foreseeable future with the same personalized, client-driven, wealth management and financial planning services that have marked our decades-long history.”
CAPTRUST fully integrates acquired firms, and this model has a proven record of success in accelerating advisory practice growth and enhancing the value of the overall client experience. This model also creates the opportunity for acquired firms to contribute to the larger organization, and in the case of FCE Group, their financial planning process and deep expertise in alternative investing strategies will be of benefit to all CAPTRUST clients.
“When evaluating if a firm is the right fit to join CAPTRUST, our chief focus has always been culture,” said Fielding Miller, CAPTRUST CEO. “Fred, David and their team at FCE bring a set of skills and values to CAPTRUST that align perfectly with our business objectives and client service philosophy; we look forward to beginning our relationship with them and working together to ensure the success of our clients.”
About CAPTRUST Financial Advisors
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, endowments and foundations, and executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $278 billion in client assets from its offices located across the U.S.
RALEIGH, NC (9.10.2018) – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent wealth management and retirement plan advisory firms, today announced that fee-based financial consulting firm Morton Wealth Management, headquartered in Greensboro, North Carolina, has joined its growing team.
Led by founding advisor Steve Morton, CPA and CFP®, Morton Wealth Management specializes in investment management and financial planning and offers clients a holistic approach to retirement. The team manages more than $400 million in assets for high-net-worth individuals and families and brings more than 30 years of experience to CAPTRUST.
“Joining CAPTRUST was a natural transition for Morton Wealth Management as we look to expand and bolster our client offering and services,” said Steve Morton, founder and principal advisor of Morton Wealth Management. “CAPTRUST is an industry leader, and this partnership enables us to leverage their people and technology to put our clients’ needs first while growing our footprint. We are excited to move forward as a part of the CAPTRUST family.”
CAPTRUST welcomes seven new colleagues to its team, including three advisors, from Morton Wealth Management’s office in Greensboro.
Ranked the number one Registered Investment Advisor (RIA) in the country for the past three years by Financial Advisor Magazine and the top plan advisor by Institutional Investor in 2018, CAPTRUST provides a compelling alternative for independent RIAs who are trying to solve for growth, succession, or scale. Their partnership approach provides firms with leading technology, research, and investment resources that have been proven to add substantial value to the client experience.
The merger of Morton Wealth Management marks CAPTRUST’s 30th deal since 2006. The firm now has 159 advisors across 37 locations and advises on more than $278 billion in client assets.
“We’re always seeking firms who are willing to buy into our culture and, most of all, our people,” said CAPTRUST CEO J. Fielding Miller. “Steve and his team are an incredible cultural fit, and they bring decades of valuable expertise to our wealth management division. We’re honored to welcome Morton to join in CAPTRUST’s mission.”
About CAPTRUST
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, endowments and foundations, and executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $278 billion in client assets from its offices located across the U.S.
RALEIGH, NC – July 23, 2018 – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent wealth management and institutional investment advisory firms, today announced that Roanoke, Virginia-based investment advisory firm Catawba Capital Management has joined the growing CAPTRUST family. Catawba brings more than $1 billion in client assets to CAPTRUST and will assume the company’s brand as part of this merger.
Founded in 1992 and led by partners Terence Crowgey and R. Jay Irons, Catawba’s 10-member team specializes in investment management for individuals, businesses, and institutions across 21 states. This partnership with CAPTRUST will allow Catawba to scale, expand, and strengthen its breadth of client services while further accelerating the firm’s impressive growth.
“We are excited to join together with CAPTRUST, first and foremost because they understand our culture and deeply embedded commitment to our clients,” said Crowgey. “As part of this new team, we’re excited to take advantage of an extremely deep bench of investment, research, and planning expertise to help our clients grow their wealth and plan for their futures. This is an exciting time for Catawba.”
CAPTRUST offers advisory teams looking for a long-term partner with a variety of resources that have a proven history of accelerating growth and adding substantial value to the client experience over time. CAPTRUST’s tandem institutional business and wealth management services offer a decades-old foundation of stability to joining entities that is unparalleled in today’s independent financial advisory industry.
“Every firm that has joined CAPTRUST over the past 10-plus years has brought skills, expertise, and people that are additive to our culture and added tremendous value to our collective team and its mission,” said CAPTRUST CEO, J. Fielding Miller. “Catawba is no exception, and they will be a great addition to the CAPTRUST family.”
This merger marks the 29th deal completed since 2006 for CAPTRUST, and the firm’s fourth Virginia office. CAPTRUST now has 153 advisors across 36 locations and advises on more than $278 billion in client assets.
About CAPTRUST
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, endowments and foundations, and executives and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $278 billion in client assets from its offices located across the U.S.
February 8, 2018 (RALEIGH, NC) – CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s leading independent wealth management and institutional advisory firms, today announced that Salt Lake City-based Knox Capital Group, one of Utah’s premier wealth management firms, has joined the CAPTRUST family, bringing with it more than $300 million in client assets.
Led by partners Brodie Barnes and Stanley Kimball, Knox Capital Group was founded in 2003 and offers comprehensive wealth management services for high net worth individuals, business owners, companies, and families. The Knox team also performs sophisticated planning and insurance funding for high-net-worth families and business owners. One highlight is the team’s focus on business succession and exit planning to help business owners maximize the value of their companies and optimize their estates while planning for future generations. Knox Capital Group is comprised of 12 employees, including six financial advisors, all of whom will remain with the firm under the newly adopted CAPTRUST brand.
“Knox Capital Group was founded on the principals of strength, security, innovation, courage, hard work and integrity,” said Barnes. “CAPTRUST shares these same values and will provide a great home for us. And our team of experienced advisors, including five CPAs, focused on ultra-affluent clients and exit planning is a perfect fit to round out CAPTRUST’s wealth management offering.”
CAPTRUST offers advisory teams looking for a long-term partner numerous resources that have been proven over time to accelerate growth and add substantial value for clients. CAPTRUST’s institutional business, coupled with wealth management services, offers a decades-old bedrock of stability to joining entities that is unparalleled in today’s independent financial advisory industry.
“When we look for firms to join our team, a mutual cultural fit is the most important identifier of a strong, long-term partnership,” said CAPTRUST CEO J. Fielding Miller. “Brodie, Stan, and the Knox team are an incredible group that exemplifies client-first service, and we’re honored that they have chosen to join CAPTRUST.”
This merger marks the 28th deal completed since 2006 for CAPTRUST, and the firm’s first Utah office. CAPTRUST now has 151 advisors across 36 locations and advises on more than $248 billion in client assets.
About CAPTRUST
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, executives, and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $248 billion in client assets with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, New York, North Carolina, Ohio, Pennsylvania, Texas, Utah, and Virginia.
CAPTRUST, one of the nation’s leading independent wealth management and institutional investment advisory firms, today announced that Lynchburg, VA-based Registered Investment Advisor (RIA), Davidson & Garrard (D&G), joined CAPTRUST’s growing team of advisors. The organization now operates in 35 offices nationwide and oversees more than $244 billion of client assets.
Founded in 1987, D&G is an independent, fee-only RIA that focuses on customized investment advisory services for individuals, families, endowments, nonprofits, institutions, and retirement plans. The firm brings nearly 30 years of experience and has 13 employees who operate in two local offices, including Lynchburg and Lexington. Principals Bill Paxton, Dave Hansen, Jack Flippin, and Steve Crank will remain with the firm under the newly adopted CAPTRUST brand.
“Since the beginning, D&G has been committed to taking great care of our individual and institutional clients and, in so doing, have built enduring relationships,” said Davidson & Garrard Principal Bill Paxton. “Joining the CAPTRUST team is an exciting step for us. CAPTRUST shares our values and investment philosophy, has wonderful people, and will allow us to stay at the forefront of investment resources and technology. CAPTRUST already has a strong presence in Virginia through its retirement plan services business, and we are delighted to join the family.”
CAPTRUST offers a 20-year bedrock of stability to advisory teams looking for a long-term partner committed to industry leadership and leveraging the unique benefits of the RIA model. Ranked the number one RIA in the country for the past two years by Financial Advisor Magazine, CAPTRUST’s partnership approach has proven over time to add substantial value to the client experience, provide firms with leading technology and investment resources, create continuity for owners, and help firms prudently grow their practices. This announcement marks the seventh merger the firm has completed in 2017 and the 27th deal completed over the last 11 years.
“The firms that join our team often have varying areas of expertise and goals for future growth—but what they all have in common is a deeply rooted culture anchored in doing well by their clients. Davidson & Garrard is no exception,” said CAPTRUST CEO, J. Fielding Miller. “We are extremely proud and honored to welcome them as colleagues.”
About CAPTRUST
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, executives, and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $244 billion in client assets with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia.
CAPTRUST, one of the nation’s leading independent wealth management and retirement plan advisory firms, today announced that the Tampa, FL-based investment advisor CapTrust Advisors, has joined the CAPTRUST family. The combined organization will now operate in 34 offices nationwide and advise on more than $243 billion in client assets.
CapTrust Advisors brings nearly two decades of investment consulting expertise in the wealth management, institutional retirement, foundation and endowment, and religious services sectors and $19 billion of client assets under advisement. CapTrust opened in Tampa in 1998 and, together with CAPTRUST, was part of a larger CapTrust organization headquartered in Charlotte, NC. After many years partnering through the CapTrust Association, the two companies today have merged under the CAPTRUST brand, resulting in 34 offices nationwide, 138 advisors, and clients in all 50 states. This merger adds two Florida offices for CAPTRUST.
“Since their inception, CapTrust Advisors has created an enviable business built upon long-term relationships with their clients and business partners,” said CAPTRUST CEO and co-founder J. Fielding Miller. “Given our relationship with them over the last 19 years, we understand the firm and its culture intimately, and we are excited for them to tap into the resources of the larger organization. This merger reflects the perfect alignment of values and our shared commitment to clients and colleagues.”
Headquartered in Raleigh, NC, CAPTRUST offers advisory teams looking for a long-term home and numerous resources that are proven to accelerate growth and add substantial value to both their businesses and their clients’ experience. This announcement marks the sixth merger the firm has completed in 2017 and the 26th deal completed over the last decade. Firms that join CAPTRUST realize an average of 18 percent annual revenue growth and a renewed ability to focus on their highest and best use, which is typically serving clients in a fiduciary capacity.
“There are certain characteristics we look for when determining if a firm and its people will be a good fit for us: a synergy of culture and values, a growth-oriented mindset, and a tireless dedication to taking care of clients,” said CAPTRUST’s Miller. “Needless to say, the CapTrust Advisors team embodies those qualities. We’re confident that this merger will be a catalyst for all of us to grow together and further our unified vision.”
Rick Shoff, Managing Director, Advisor Group at CAPTRUST concludes, “For well over a decade, we have been actively seeking out those special individuals and entities whose vision and priorities align with ours—and when we find each other, you know it’s just right. Given the two firms’ shared history, the sentiment is amplified that much more.”
About CAPTRUST
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, executives, and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm represents more than $243 billion in client assets with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, New York, North Carolina, Ohio, Pennsylvania, and Texas.