Captrust to Buy $4 Billion Midwest RIA
Captrust Financial Advisors, an independent registered investment advisor, has purchased Frontier Wealth Management, an RIA with 46 employees and $4 billion in client assets.
Captrust Financial Advisors, an independent registered investment advisor, has purchased Frontier Wealth Management, an RIA with 46 employees and $4 billion in client assets.
Frontier, led by partner and CEO Nick Blasi, is headquartered in Kansas City, Missouri, with additional offices in St. Louis, Wichita, Omaha, and Denver. The firm offers financial planning, investment, insurance, and other wealth management services to individuals and families, as well as advisory services to corporate retirement plans.
“I have known Captrust for years. As I started creating Frontier’s strategic plan for the next three years, I realized that we would need to invest significant time, energy, and capital to build out areas of our business, like cybersecurity, marketing, and investment services, to continue to grow. These are already areas where Captrust has achieved significant scale,” said Blasi. “Joining Captrust will benefit not only our clients, but the Frontier team as well…”
Captrust is an independent registered investment advisor founded in 1997 in Raleigh, North Carolina. The firm provides investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. For retirement plan sponsors, endowments, foundations, and religious entities, Captrust offers investment advisory services, fiduciary support, plan design, provider analysis/fee benchmarking, and employee advice programs.
With approximately 1,100 employees across 70 locations, Captrust has $100 billion in assets under management and $750 billion in assets under advisement, as of March 31, 2022.
