Captrust Acquires PWA

INVESTMENT MANAGEMENT DEALS BLOG

February 12, 2021

On January 29, 2021, Captrust Financial Advisors, LLC announced its acquisition of PWA Wealth Management.

Under the terms of the transaction, Captrust Financial Advisors, LLC (“Captrust”) acquired PWA Wealth Management (“PWA”). Fifteen PWA team members, including seven financial advisors, will join Captrust.  PWA will transition to the Captrust name and branding. Further 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 oversaw approximately $50 billion in assets under management and $409 billion in assets under advisement.

PWA, based in Pittsburgh, Pennsylvania, is a registered investment advisor that offers wealth management and financial planning services to individuals, small business owners and institutional clients. PWA has more than $800 million in assets under advisement.

To read the press release: please click here.