CAPTRUST Financial Advisors today announced that Pacific Investment Consultants (PIC), a Folsom, Calif.-based firm with more than $700 million in assets under management and roughly 600 clients, has been added to the growing firm.
PIC, which provides wealth management and retirement planning, is led by financial advisors Christeen Reeg, Scott Gordon, Bill Altavilla, Debbie Hightower, and Ryan Jantzen, who will join CAPTRUST as principals. Four additional team members will come with them, and PIC will transition to the CAPTRUST name and brand, according to the announcement.
Reeg, who has worked in the industry for more than three decades, said joining CAPTRUST will allow them to leverage their vast resources to strengthen their client outcomes and grow their team. “At Pacific Investment Consultants, we have worked hard to provide the opportunities for our clients through detailed research and innovative planning,” she said in a statement.
CAPTRUST senior director of strategic growth Rush Benton said they look for firms that prioritize serving their clients as a fiduciary and PIC was no exception. “We are excited for PIC to join our team and believe they will fit flawlessly into our business, with the new team members adding great value to the CAPTRUST organization.”
PIC marks the third firm so far this year to join Raleigh, N.C.-based CAPTRUST and the second in the Sacramento area. In February, CAPTRUST announced that it had acquired Genovese Burford & Brothers Wealth & Retirement Plan Management, a $3.13 billion Sacramento firm. Since 2006, a total of 48 firms have joined CAPTRUST.