CAPTRUST Financial Advisors today announced the addition of Shine Wealth Partners, a Denver-based firm with more that $785 million in client assets.
Founded in 1995 by Judy Shine, the firm will be CAPTRUST’s first location in Colorado. It will transition to the CAPTRUST name and branding, according to the announcement.
Shine, who has more than three decades of industry experience, is joined by other team leaders, which include president and senior wealth advisor Karen Salvatore, senior wealth advisors and principals Beth Cornell and Elisabeth Jacobson, and senior wealth advisor Peter Vander Ploeg. They bring along with them four additional team members.
“I founded Shine Wealth Partners because of the great need for unbiased advice and financial planning,” Shine said in a statement. “The commitment to being a fiduciary is one of the many reasons why I have decided to align my firm with CAPTRUST and believe my team and our clients will benefit greatly from the added resources we’ll have access to going forward.”
Rush Benton, CAPTRUST senior director, strategic growth, said he has known Shine for a long time and he greatly admires the practice she has built in Colorado. “Judy and her team have long been focused on doing what’s right for their clients, which is a core component of our mission at CAPTRUST. I have great confidence that their practice will continue to grow and flourish, especially as they tap into our centralized resources.”
This is the fifth firm that has joined CAPTRUST this year and the third female-led firm added since 2019. In September, it acquired the retirement plan advisory practice of Plante Moran Financial Advisors (PMFA), one of the nation's largest independent registered investment advisors, with $6.27 billion in institutional assets. Since 2006 a total of 43 firms have joined CAPTRUST.
Founded in 1997, the Raleigh, N.C.-based CAPTRUST has more than 700 employees nationwide and services more than $400 billion in client assets under advisement as of September. It has clients in all 50 states and provides investment advisory, asset management, and planning services to thousands of affluent private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities.