CAPTRUST Acquires Southern Wealth Management


July 27, 2023

On July 11, 2023, CAPTRUST Financial Advisors announced the acquisition of Southern Wealth Management.

Under the terms of the transaction, CAPTRUST Financial Advisors (“CAPTRUST”) will acquire Southern Wealth Management (“SWM”). The deal will see CAPTRUST greatly expand its existing tax practice. Further terms of the deal were not disclosed. 

CAPTRUST, headquartered in Raleigh, North Carolina, provides investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families. As of December 31, 2022, CAPTRUST had over $714 billion in assets under management. 

SWM, based in San Antonio, provides financial planning and advisory services to high-net-worth individuals and families.  SWM manages over $2.3 billion in client assets.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.