On November 14, 2024, CAPTRUST Financial Advisors announced its acquisition of Boston Financial Management, LLC.
CAPTRUST Financial Advisors (“CAPTRUST”) announced, on November 14, 2024, its acquisition of Boston Financial Management, LLC (“Boston Financial”). Boston Financial adds 45 new colleagues to CAPTRUST across three locations. As part of the transaction, Boston Financial Founder and Chairman of the Board Richard H. Morse will retire. Further terms of the deal were not disclosed.
CAPTRUST, based in Raleigh, North Carolina, is an independent registered investment advisor providing investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families. As of December 2024, CAPTRUST had approximately $852.2 billion in assets under management.
Boston Financial, based in Boston, is a registered investment advisor providing wealth management services for individuals, families, and endowments. As of March 2024, Boston Financial had approximately $519.4 million in assets under management. Berkshire Global Advisors served as financial advisor to Boston Financial in the transaction.
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