Captrust Acquires Genovese

INVESTMENT MANAGEMENT DEALS BLOG

February 18, 2021

On February 3, 2021, Captrust Financial Advisors, LLC announced its acquisition of Genovese Burford & Brothers Wealth & Retirement Plan Management, LLC.

Under the terms of the transaction, Captrust Financial Advisors, LLC (“Captrust”) acquired Genovese Burford & Brothers Wealth & Retirement Plan Management, LLC (“GBB”). Approximately 36 GBB employees will join Captrust.  Terms of the deal were not disclosed.

Captrust, based in Raleigh, North Carolina, is an independent investment advisor providing investment advisory, investment management, and planning services to private clients and institutional investors. As of September 30, 2020, Captrust had approximately $50 billion in assets under management and $409 billion in assets under advisement.

GBB, based in Sacramento, California, is a registered investment advisor providing wealth management and 401(k) plan advising. GBB has approximately $3.13 billion in assets under advisement.

To read the press release: please click here.