Captrust Corners Retirement Advisory Market with $154B in AUA Firm
The acquisition furthers Captrust's hold in the retirement plan space, now at over $600B AUA. Captrust continues to deepen its hold in the institutional retirement services market. Captrust announced Tuesday that it acquired Cammack Retirement Group, a 50-year-old company with $154 billion in assets under administration, bringing Captrust's total retirement plan assets under administration to over $600 billion. “CAPTRUST is coming out of the gates strong in 2021,” said David DeVoe of consulting firm DeVoe & Company in San Francisco, in an email. “After five deals in 2020, t...
Source: wealthmanagement.com