CAPTRUST Financial Advisors has acquired Column Capital Advisors, an Indianapolis-based firm with $1.4 billion in assets, according to a news release.
Founded in 2005 and led by president and managing director Brian Upchurch and executive directors Kevin Sweet and Jeffrey Yu, the firm has 22 staffers that will join CAPTRUST.
Column Capital Advisors, which will take on the CAPTRUST brand, is CAPTRUST's second location in Indiana and its first in Indianapolis. It joins an office in Chesterton, which brings the firm’s employee total in the state to nearly 50. It focuses on a comprehensive advisory approach of investment management, financial planning, and tax services for wealthy clients, the release noted.
“Philosophically, CAPTRUST was a clear fit. We are moving into the next phase of our business, and this move was important to our longer-term succession plan,” Upchurch ssaid in a statement. “Employee ownership is really important to us, and CAPTRUST provides expansive career opportunities for our team. Not to mention the array of resources at CAPTRUST that will allow advisors to focus more time on our clients."
Rush Benton, CAPTRUST's senior director of strategic growth, said the firm continues to expand in the major metro markets. “The team at Column Capital will help us build out our existing services like tax and investment management for clients across the firm,” he said.
Founded in 1997, Raleigh, N.C.-based CAPTRUST has been strategically adding firms since 2006 “in markets across working toward our goal of a wealth management, retirement planning, and endowment and foundation presence in each city,” noted CAPTRUST CEO Fielding Miller. “This growth continues to enhance the offerings and quality of service we can deliver to our clients” he added.
The addition of Column Capital is CAPTRUST's seventh deal of 2023 and the 70th since 2006.
The firm has nearly 1,500 employees across 85 locations nationwide. It oversees more than $832 billion in assets, including just over $688 billion in nondiscretionary assets under advisement and just over $143 billion in discretionary managed account assets, as of June 30.