Wealth Management Success: Captrust Financial Advisors' Trillion Milestone - Business

Captrust Financial Advisors Exceeds Trillion in Client Assets

Captrust Financial Advisors , a registered investment advisor based in Raleigh , North Carolina , has reached a significant milestone by surpassing trillion in total client assets . This achievement includes 20 billion in assets under management , with the remainder under advisement . The firm has established a national presence , serving clients in all 50 states , a remarkable feat considering its humble beginnings in 1997 with only 12 employees operating from a single location . Over the years , Captrust has expanded to employ 1,600 individuals across more than 90 locations throughout the United States.

Wealth Management Success: Captrust Financial Advisors' Trillion Milestone

Captrust 's co - founder , CEO , and chairman of the board , Fielding Miller , expressed surprise at the firm 's remarkable growth , reflecting on the substantial client loyalty that has contributed to their success . Miller attributed the milestone to the effectiveness of Captrust 's business model , which has been validated by the firm 's steady growth and client retention rate , setting them apart from competitors in the independent RIA channel.

 Captrust initiated an aggressive acquisition strategy in 2006 and has completed approximately 73 deals to date . With significant investments from private equity firms such as GTCR and Carlyle Group , Captrust aims to finalize five or six additional transactions by the end of the year . This strategic approach has enabled the firm to bolster its scale , enhancing its bargaining power and enabling better pricing and services for its clients.

The financial industry veteran noted that Captrust initially focused on serving institutional clients , particularly retirement plans , which eventually led to a natural transition into Wealth management services . Presently , the firm serves 3,000 retirement plans nationwide , encompassing around 5 million plan participants who often seek wealth management services from Captrust . This symbiotic relationship between retirement plans and wealth management has become a significant driver of growth for the firm , with the wealth management segment emerging as the fastest - growing area for new clients.

Miller emphasized the importance of Captrust 's scale in negotiating on behalf of its clients , highlighting the advantages it provides in securing favorable pricing from asset managers , recordkeepers , and other vendors . As the firm 's revenue is evenly divided between wealth management and institutional business , the trillion milestone further underscores Captrust 's ability to deliver value and leverage its substantial client base for mutual benefit .

The Future of Financial Advisory Services

Looking ahead , industry experts predict further consolidation within the financial advisory landscape , anticipating the emergence of additional trillion - dollar RIAs . As the demand for comprehensive Financial services continues to rise , firms like Captrust are well - positioned to capitalize on this trend by offering integrated solutions that cater to the evolving needs of clients . With a strong emphasis on client - centric services and a proven track record of growth and innovation , Captrust is poised to maintain its leadership position in the competitive financial services industry.