Captrust Financial Advisors Acquires $1.1 Billion RIA in Washington

Captrust Financial Advisors, an independent registered investment advisor with more than $832 billion in assets, announced the acquisition of Trutina Financial.

Trutina is based in Bellevue, Washington, and oversees more than $1.1 billion in assets across institutional and individual clients.

Like Captrust, Trutina serves clients across three lines of business: wealth management, retirement plan services, and OCIO for endowments and foundations. Trutina translates to balance in Latin, and according to Captrust, the firm works to “provide balance” to clients with its holistic service model—from investment strategy to financial planning, plus giving back to the local community.

Managing partner and chief compliance officer Geoffrey Schock and senior partner and chief strategy officer Matt Myers lead the firm and have joined Captrust, along with 13 additional colleagues.

“The more we learned, the more we realized the folks at Captrust are in this business for the right reasons,” said Myers. “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.”

Consistent with other transactions, Trutina will take on the Captrust brand. Park Sutton Advisors, a Waller Helms Company, served as Trutina’s financial advisor in the transaction.

With approximately 1,500 employees across 85 locations, Captrust has approximately $688 billion in nondiscretionary assets under advisement and $143 billion in discretionary managed account, as of June 30, 2023.

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