On January 12, 2023, CAPTRUST Financial Advisors announced the acquisition of TrustCore Financial Services.
Under the terms of the transaction, CAPTRUST Financial Advisors (“Captrust”) acquired TrustCore Financial Services (“TrustCore”). 48 TrustCore employees will join Captrust. TrustCore will also take on the Captrust name. Financial terms of the deal, which closed late in 2022, were not disclosed.
Captrust, based in New York City, is provides financial services to retirement plan fiduciaries, endowments, and estate planning services to high-net-worth individuals. Captrust has $750 billion client assets under advisement.
TrustCore, based in Nashville, Tennessee, is a registered investment adviser that provides wealth advisory services to high net-worth individuals, families, and institutions. TrustCore has approximately $2.3 billion in assets under advisement. Republic Capital Group served as TrustCore’s exclusive financial advisor on the transaction.
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