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Captrust Adds Firm with $13 Billion in Assets Under Advisement

By Alex Padalka April 4, 2019

Captrust Financial Advisors continues its aggressive acquisitive streak, adding a team of financial advisors from FiduciaryVest, Captrust says.

Atlanta-based FiduciaryVest serves more than 50 retirement plans, focusing on those with $100 million to $2 billion in plan assets, according to a press release from Captrust.

Philly Jones, who founded FiduciaryVest in 2005, along with partners Evan Melcher, Zack Sadler, Andy Marino and support staff, oversees more than $13 billion in assets under advisement, Captrust says. The firm will assume Captrust’s name as part of the merger, whose terms the companies didn’t disclose.

Jason Small, managing principal and senior consultant, has been named to lead FiduciaryVest, with a focus on its institutional clients.

Captrust has been adding large practices at a steady pace.

In March, the firm added a practice overseeing $2.5 billion in assets for 35 retirement plans, as well as a five-person advisor team overseeing $400 million.

Last year, Captrust was one of the top consolidators and strategic buyers in the industry, brining on $3 billion in four deals.

The firm now has 177 advisors managing over $300 billion from 40 locations, according to the most recent press release.

“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,” Captrust CEO J. Fielding Miller says in the press release.