Captrust Financial Advisors’ latest acquisition is a $1.4 billion RIA in North Carolina.
Carolinas Wealth Consulting, which does business as Carolinas Investment Consulting, is the latest addition to Captrust, which has bought dozens of firms over the past 15 years. Raleigh, North Carolina-based Captrust now boasts more than $1 trillion in assets under management.
Carolinas Investment Consulting was founded in 2001 by George Edmiston and now has more than $1.4 billion in assets under management. The acquisition closed in January, and the terms of the deal were not disclosed.
“George and I have been friends and competitors for over 20 years,” Captrust co-founder and CEO Fielding Miller said in the announcement. “CIC has had a sterling reputation in the Carolinas, which will immediately improve our market opportunities and elevate our brand.”
Carolinas Investment Consulting gives Captrust a second location in Charlotte, according to the announcement. As has happened in the firm’s previous acquisitions, Carolinas Investment will take on the Captrust brand.
Source: financial-planning.com
