On April 24, 2023, CAPTRUST Financial Advisors announced the acquisition of QA Wealth Management.
Under the terms of the transaction, CAPTRUST Financial Advisors (“Captrust”) acquired QA Wealth Management (“QA”). 23 QA employees will join Captrust. QA will also take on the Captrust name. Financial terms of the deal were not disclosed.
Captrust, based in New York City, provides financial services to retirement plan fiduciaries, endowments, and estate planning services to high-net-worth individuals. Captrust has $714 billion in client assets under advisement.
QA, based in Minnetonka, Minnesota, provides wealth advisory services to high net-worth individuals, families, and institutions and specializes in working with professionals at the Big Four accounting firms. QA has approximately $770 million in assets under advisement. Park Sutton Advisors served as QA’s exclusive financial advisor on the transaction.
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