Captrust Acquires Ellwood


October 14, 2021

On August 26, 2021, Captrust Financial Advisors, L.L.C. announced its acquisition of Ellwood Associates.

Under the terms of the transaction, Captrust Financial Advisors, L.L.C. (“Captrust”) will acquire Ellwood Associates (“Ellwood”). 55 Ellwood employees will join Captrust. The deal is expected to close in the fourth quarter of 2021. 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, tax advisory and compliance for individuals and families. As of June 1, 2021, Captrust had approximately $60 billion in assets under management and $600 billion in assets under advisement.

Ellwood, based in Chicago, Illinois, is an investment consultancy that serves endowments and foundations, retirement plans, hospitals, family offices and high net-worth individuals. Ellwood has approximately $85 billion in assets under advisement.

To read the press release: please click here.

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