Captrust Financial Advisors

Captrust Financial Advisors

Share:

85 E 8Th Street Suite 150

Holland, MI 49423

(616) 392-5332

linkedin.com/company/captrust-financial-advisors-west-michigan/

No. advisers: 18

AUM: $1,031,549,991

Asset Breakdown

Staff
Employees 18
Clients
High-net-worth individuals 26-50%
Financial planning clients 0 (None)
High-net-worth client assets Up to 75%
Compensation
Percentage of assets under management Yes
Hourly charges No
Subscription fees No
Fixed fees Yes
Commissions No
Performance-based fees No
Total AUM Total Accounts Avg. Account AUM
Discretionary $1,031,549,991 2,079 $496,176
Non-discretionary 0 0 $0
Total $1,031,549,991 2,079 $496,176

Captrust strikes again, buys $1.5 billion RIA

October 9, 2019 - With the M&A market for registered investment advisers red hot, Captrust Financial Advisors has struck again, announcing Wednesday that it had acquired the financial advisory business of Boston Advisors, a boutique investment management firm. The deal...

Kestra loses $11 billion retirement group to LPL

April 4, 2019 - Strategic Retirement Partners, an advisory firm with $11 billion in retirement plan assets, has joined GRP Financial, the largest retirement-plan-focused hybrid RIA that uses LPL Financial as its broker-dealer. Strategic Retirement Partners, which has...

Captrust acquires $1.4 billion wealth shop

October 16, 2018 - Captrust Financial Advisors has acquired FCE Group, a $1.4 billion advisory firm based in Lake Success, N.Y., building on its multiyear strategy to expand revenues from wealth management operations. FCE Group, whose legal name is First Capital Consulting...

Retirement plan adviser sales mostly for small players

June 2, 2018 - The approach of retirement age for many advisers and the need to meet regulatory and technological demands are driving small-plan advisers to sell to larger specialized firms. But massive consolidation that would create an industry of just a few big players...

Team with $800M in assets leaves Wells Fargo FiNet for Raymond James

December 14, 2017 - A four-adviser team in Sanford, N.C., managing $800 million has switched affiliations from Wells Fargo FiNet to the independent channel of Raymond James. Operating as the Normann Financial Group (NFG), the eight-person team held about $750 million in...

Prudential wins appeal of 401(k) fee lawsuit

October 12, 2017 - Prudential Financial Inc. has again won a lawsuit alleging it breached its fiduciary duties by receiving revenue-sharing payments from investment options in a client's 401(k) plan. The lawsuit, Rosen v. Prudential Retirement Insurance and Annuity Co.,...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

Purchase the data and information contained in the RIA Data Center in an Excel spreadsheet.

For comments or suggestions about the Adviser Center, please contact us.

Reprints: For reprints of these rankings, please contact Laura Picariello.

*Methodology:InvestmentNews qualified 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.