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Captrust acquires Nachman Norwood & Parrott Wealth Management

In fact, because private equity firm GTCR bought a 25% interest in Captrust at a $1.25-billion valuation last year, there is “no capital constraint at this point” for any other future acquisitions, according to Benton. In the first two months of the year, Captrust unveiled two incoming practices that both had has $154 billion in assets under advisement. The incoming group has 17 employees, including seven partners: Bob Nachman, Ben Norwood, Wes Boyce, Al Cannon, Maura Copsey, Gary Davis and Russ Miller. Nachman Norwood’s RIA has more than $2 billion in AUM while working with Purshe Kaplan Sterling Investments as its broker-dealer for the small portion of non-advisory assets. Under the deal, the practice will join Captrust’s RIA and broker-dealer. Prior to spending the past three years with PKS, the 32-year industry veteran Nachman first went independent in 2007 with Wells Fargo Advisors Financial Network, according to FINRA BrokerCheck.

M&A Update: CAPTRUST s 50th, New SageView and Hub Deals

M&A Update: CAPTRUST s 50th, New SageView and Hub Deals
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CAPTRUST Continues to Grow Northern California Wealth Management Offering with Addition of Pacific Investment Consultants

CAPTRUST Continues to Grow Northern California Wealth Management Offering with Addition of Pacific Investment Consultants News provided by Share this article Share this article RALEIGH, N.C., April 1, 2021 /PRNewswire/  CAPTRUST Financial Advisors (CAPTRUST) today announced that Pacific Investment Consultants (PIC) has joined the growing firm. PIC brings more than $700 million in assets under management (AUM) to CAPTRUST and comes on the heels of the firm adding another Northern California-based team, Genovese Burford & Brothers Wealth & Retirement Plan Management, LLC (GBB). Based in Folsom, California, PIC provides wealth management and retirement planning to roughly 600 clients. The firm is led by financial advisors Christeen Reeg, Scott Gordon, Bill Altavilla, Debbie Hightower, and Ryan Jantzen, who will join CAPTRUST as principals. The entire PIC team, including four additional team members, will join CAPTRUST.

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