Deals & Moves: Captrust Adds $1.25B Stillwater Capital Advisors

You tin find archetypal nonfiction present WealthManagement. Subscribe to our escaped regular WealthManagement newsletters.

Captrust Adds $1.25 Billion Stillwater Capital Advisors

Captrust Financial Advisors, a Raleigh, N.C.-based registered concern advisor with much than $1.2 trillion successful assets nether advisement and management, announced it added Stillwater Capital Advisors, a Devon, Pa.-based RIA with $1.25 cardinal successful lawsuit assets.

Stillwater provides concern and wealthiness absorption services to individuals, tiny businesses, endowments and foundations, and is led by co-founder Doug Swope with a squad of 5 further professionals. 

According to the astir caller Form ADV filings, astir of Stillwater’s lawsuit assets are discretionary wealthiness accounts, and Captrust’s discretionary wealthiness assets person grown to implicit $320 billion.

Stillwater adds a 5th bureau successful Pennsylvania for Captrust and volition instrumentality connected the Captrust brand, arsenic each of its acquired firms do.

“Joining Captrust gives america entree to a web of resources and technology, which volition escaped up much of our clip to assistance our clients with their financial, household and beingness goals,” Swope said successful a statement.

FP Transitions advised Stillwater connected the move.

Captrust is majority-owned by its managers and employees, with number stakes held by backstage equity firms GTCR and The Carlyle Group.

Dynamic Moves into South Carolina with $260M Capasso Planning Partners

Dynamic Advisor Solutions, a Phoenix-based RIA level and TAMP, has expanded into South Carolina with the summation of Capasso Planning Partners, a Charleston-based RIA with $260 cardinal successful assets nether management.

The fee-only Capasso was founded by Managing Partner Charlie Capasso successful 2018 and does fiscal readying and wealthiness absorption for individuals, families and concern owners.

“Partnering with Dynamic allows america to heighten the resources and capabilities disposable to our clients portion continuing to run with the independency and fiduciary absorption that defines our firm,” Capasso said successful a statement.

The determination brings Dynamic’s advisor web to 88 practices successful the U.S., overseeing much than $7 cardinal successful AUM.

Wells Fargo’s FiNet Pulls Two Merrill Teams That Had Overseen $1.4 Billion

Wells Fargo Advisors Financial Network has launched Twin Harbors Private Wealth arsenic a caller FiNet practice, with the squad affiliating successful Melville, N.Y., and overseeing much than $1.4 cardinal successful assets nether management.

Twin Harbors is made up of six backstage wealthiness advisors—Jeff Wang, Joseph Ilg, John Rizzo, Corey Streim, Kyle Napolitano and Daniel Sporn—and 3 enactment squad members, according to a Wells Fargo spokesperson.