Captrust Acquires Stewardship

July 12, 2021

On June 9, 2021, Captrust Financial Advisors, LLC announced its acquisition of Stewardship Financial Advisors, LLC.

Under the terms of the transaction, Captrust Financial Advisors, LLC (“Captrust”) has acquired Stewardship Financial Advisors, LLC (“Stewardship”). Captrust will add nearly 1,000 clients. Stewardship’s founder, Charles B. Pyke Jr., along with the entire Stewardship team have joined Captrust. 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, and 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.

Stewardship, based in Atlanta, Georgia, specializes in holistic planning encompassing five areas, including estate planning, asset and risk management, tax planning, retirement income planning, and investment services. Stewardship has approximately $873 million in assets under management. Park Sutton Advisors, LLC acted as financial advisor to Stewardship on the transaction.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions