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The acquisition furthers Captrust s hold in the retirement plan space, now at over $600B AUA.
Captrust continues to deepen its hold in the institutional retirement services market.
Captrust announced Tuesday that it acquired Cammack Retirement Group, a 50-year-old company with $154 billion in assets under administration, bringing Captrust s total retirement plan assets under administration to over $600 billion.
“CAPTRUST is coming out of the gates strong in 2021,” said David DeVoe of consulting firm DeVoe & Company in San Francisco, in an email. “After five deals in 2020, they have already signed four in 2021. Half a trillion has a nice ring to it. It s a significant milestone for the organization.”