Captrust Acquires $5.5 Billion RIA
Captrust Financial Advisors, an independent registered investment advisor with more than $368 billion in client assets under advisement, has acquired Montgomery, Alabama-based Welch Hornsby Inc.
Captrust Financial Advisors, an independent registered investment advisor with more than $368 billion in client assets under advisement, has acquired Montgomery, Alabama-based Welch Hornsby Inc., an RIA with $5.5 billion in assets under advisement.
Founded in 1988, Welch Hornsby offers investment advisory services and serves high-net-worth individuals and families, endowments, foundations, corporate and municipal retirement plans, and other institutional clients. The firm has clients in more than 15 states.
Of Welch Hornsby’s $5.5 billion in assets under advisement, $1.75 billion are discretionary assets under management. Welch Hornsby will take on the Captrust name and branding moving forward.
Welch Hornsby is led by co-founder, chairman and chief executive officer Edward Welch, Jr., who will join Captrust along with 14 financial advisors and research professionals as well as 12 operational staff.
Since 2006, Captrust has added 40 firms across the country to build out its wealth management and institutional practices.
“The combination of organic growth and the 40 notable teams who have joined our Captrust family over the past 14 years has helped us to achieve remarkable business growth, increasing revenue 22 percent per year for the last 22 years,” said senior director of strategic growth, Rush Benton.
Captrust was founded in 1997 in Raleigh, North Carolina, and with the addition of Welch Hornsby, now oversees an estimated $370 billion in assets with its more than 675 employees.
