CAPTRUST Financial Advisors, a US-based independent registered investment advisor, has acquired wealth management company Trutina Financial for an undisclosed price.
Based in Washington, US, Trutina Financial offers services to clients across three lines of business. The businesses are family wealth management, retirement plan services, and corporate cash management that cater to business clients, endowments, and foundations.
The company manages more than $1.1bn in assets across institutional and individual clients.
According to Trutina Financial, it provides balance to customers with the company’s holistic service model from investment strategy to financial planning along with giving back to local community.
Trutina Financial chief strategy officer Matt Myers said: “The more we learned, the more we realised the folks at CAPTRUST are in this business for the right reasons.
“They will help us grow up as a firm and be able to keep serving our clients with more sophisticated services. Plus, we’re able to put equity into the hands of our people.”
Established in 1997, CAPTRUST Financial Advisors offers investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families.
The company also provides an extensive portfolio of services for ultra-high-net-worth individuals to streamline their financial lives, mitigate risk, and continue their legacies.
CAPTRUST Financial Advisors also delivers investment advisory services, fiduciary support, plan design, provider analysis and fee benchmarking, and employee advice programmes for retirement plan sponsors, endowments, foundations, and religious entities.
CAPTRUST Financial Advisors strategic growth senior director Rush Benton said: “The Pacific Northwest is a region we have wanted to expand in for a long time. Adding the folks at Trutina is the perfect way to initiate our presence in this market.”
Park Sutton Advisors acted as Trutina Financial ‘s financial advisor in the transaction.
Last month, CAPTRUST Financial Advisors announced the acquisition of wealth management company Normann Financial Group for an undisclosed sum.
