CAPTRUST Financial Advisors today announced that it has acquired Danda Trouvé Investment Management (DTIM), a Prairie Village, Kan.-based firm with $125 million in assets, according to a news release.
DTIM is the 60th deal for the Raleigh, N.C.-based CAPTRUST since 2006 and the fourth of 2022. Consistent with other transactions, DTIM will take on the CAPTRUST brand, the release noted.
Led by Michelle Trouvé, president, DTIM provides long-term, personalized services to wealthy clients across the Midwest, the release said. Trouvé will be joined by two associates.
“CAPTRUST is a well-run firm that will make our team even better,” Trouvé said in a statement. “For us, one of the most important characteristics we were looking for in a firm was a robust investment process. As a former sole practitioner, I’m excited to have access to a world-class investment lineup and tap into these successful people,” she said.
“Michelle and her client-first approach will enhance our wealth practice in the Midwest and provide further fuel for CAPTRUST’s growth," said Rush Benton, CAPTRUST’s senior director of strategic growth. “After 60 deals, we feel uniquely positioned in the RIA industry to fully integrate firms and make them better from day one,” he added.
CAPTRUST oversaw more than $100 billion in assets under management and more than $750 billion in assets under advisement as of June 30. The firm has more than 1,100 employees across 70 locations nationwide.