On December 8, 2023, CAPTRUST Financial Advisors announced the acquisition of Trutina Financial.
Under the terms of the transaction, CAPTRUST Financial Advisors (“Captrust”) acquired Trutina Financial (“Trutina”). Further 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. As of March 2023, Captrust had $25 billion in assets under management.
Trutina, based in Bellevue, Washington, is a registered investment advisor offering wealth management, healthcare benefits, retirement plans, and advisory services. As of June 2023, Trutina had $874 million in assets under management. Park Sutton Advisors served as financial advisor for Trutina on the transaction.
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