Captrust Acquires Crescent and New Market

INVESTMENT MANAGEMENT DEALS BLOG

February 2, 2022

On January 19, 2022, Captrust Financial Advisors, L.L.C. announced its acquisitions of Crescent Capital Consulting and New Market Wealth Management.

Under the terms of the separate transactions, Captrust Financial Advisors, L.L.C. (“Captrust”) acquired Crescent Capital Consulting (“Crescent”) and New Market Wealth Management (“New Market”). 19 Crescent employees, including President Andrew Wisdom and Executive Vice Presidents Bryan Fitzpatrick and Luis Zervigon, will join Captrust. The deals closed in 2021. Terms of the deals were not disclosed.

Captrust, based in Raleigh, North Carolina, is an independent registered investment advisor providing investment management, financial planning, estate planning, tax advisory and compliance for individuals and families. As of September 30, 2021, Captrust had approximately $85 billion in assets under management and $660 billion in assets under advisement.

Crescent, based in New Orleans, Louisiana, is an investment consultancy providing investment management, estate planning, tax compliance, advisory services, family governance, and trust management services to institutions and high net-worth and ultra-high-net-worth families. Crescent has approximately $1.5 billion in assets under advisement.

New Market, based in Nashville, Tennessee, is a wealth management firm. New Market has approximately $275 in assets under management.

To read the press release: please click here.