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CAPTRUST Buys $1.4B AUM Indiana Agency

Byjobz786.com

Nov 1, 2023

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CAPTRUST Monetary Advisors has acquired Column Capital Advisors, an Indianapolis-based agency with $1.4 billion in property, based on a information launch.


Based in 2005 and led by president and managing director Brian Upchurch and govt administrators Kevin Candy and Jeffrey Yu, the agency has 22 staffers that can be a part of CAPTRUST.


Column Capital Advisors, which can tackle the CAPTRUST model, is CAPTRUST’s second location in Indiana and its first in Indianapolis. It joins an workplace in Chesterton, which brings the agency’s worker complete within the state to almost 50. It focuses on a complete advisory strategy of funding administration, monetary planning, and tax companies for rich shoppers, the discharge famous.


“Philosophically, CAPTRUST was a transparent match. We’re shifting into the following part of our enterprise, and this transfer was vital to our longer-term succession plan,” Upchurch ssaid in a press release. “Worker possession is basically vital to us, and CAPTRUST offers expansive profession alternatives for our group. To not point out the array of sources at CAPTRUST that can enable advisors to focus extra time on our shoppers.”


Rush Benton, CAPTRUST’s senior director of strategic progress, stated the agency continues to broaden within the main metro markets. “The group at Column Capital will assist us construct out our current companies like tax and funding administration for shoppers throughout the agency,” he stated.


Based in 1997, Raleigh, N.C.-based CAPTRUST has been strategically including companies since 2006 “in markets throughout working towards our aim of a wealth administration, retirement planning, and endowment and basis presence in every metropolis,” famous CAPTRUST CEO Fielding Miller. “This progress continues to reinforce the choices and high quality of service we are able to ship to our shoppers” he added.


The addition of Column Capital is CAPTRUST’s seventh deal of 2023 and the seventieth since 2006.


The agency has practically 1,500 workers throughout 85 areas nationwide. It oversees greater than $832 billion in property, together with simply over $688 billion in nondiscretionary property underneath advisement and simply over $143 billion in discretionary managed account property, as of June 30.

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