CAPTRUST announced it has expanded into the Salt-Lake City market by acquiring Knox Capital Group, which has about $300 million in client assets under management.
This is CAPTRUST’s first Utah office and its 28th completed deal since 2006, the firm announced.
CAPTRUST now has 151 advisors across 36 locations and advises on more than $248 billion in client assets, the company said.
Knox Capital Group was founded in 2003 and provides wealth management services for high-net-worth individuals, business owners, companies and families, focusing on succession and exit planning, according to CAPTRUST.
Knox Capital partners Brodie Barnes and Stanley Kimball will remain with CAPTRUST, CAPTRUST CEO J. Fielding Miller said.
Twelve Knox Capital employees, including six financial advisors, will also stay with the firm under the CAPTRUST brand, the company said.