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CAPTRUST acquires South Carolina RIA firm
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New York University revamps options for 5 DC plans
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CAPTRUST completes Pacific Investment acquisition
CAPTRUST completes Pacific Investment acquisition
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CAPTRUST Financial Advisors has acquired retirement planning and wealth management services firm Pacific Investment Consultants, the company said.
The acquisition adds roughly 60 retirement plans with $700 million in assets under management to CAPTRUST s client roster, a CAPTRUST spokeswoman said Monday. Terms of the deal, which closed Feb. 26, were not disclosed.
The deal follows CAPTRUST s acquisition in January of Cammack Retirement Group, a registered investment advisory firm with more than 170 plan sponsor clients representing nearly 1.3 million participants. It also in January bought Genovese Burford & Brothers Wealth & Retirement Plan Management, a Sacramento, Calif.-based RIA firm with $3.13 billion in assets under advisement.
University of Louisville taps Cammack as DC plans consultant
University of Louisville, Louisville, Ky., hired
Cammack Retirement Group as the first investment consultant for its $1.7 billion 403(b) plan and $53 million 457 plan, said Todd D. Kneale, the university s director of total rewards.
The university issued an RFP in August because it decided we need (an investment consultant) to help us implement best practices and manage the plan in the best way possible for our participants, Mr. Kneale said at the time.
Aon Investments USA was the other finalist.
The plans record keepers are Fidelity Investments and TIAA-CREF, and the plans share a lineup of 212 investment options.
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