Davidson & Garrard, a fee-only RIA based in Lynchburg, Va., has joined Captrust, an independent wealth management and institutional investment advisory firm, Captrust announced Wednesday.

Davidson & Garrard, which has approximately $685 million in assets under management, according to its latest ADV form, focuses on investment advisory services for individuals, families, endowments, nonprofits, institutions and retirement plans. Principals Bill Paxton, Dave Hansen, Jack Flippin and Steve Crank will remain with the firm under the newly adopted Captrust brand. Davidson & Garrard has offices in Lynchburg and Lexington, Ken.

Captrust has 35 offices nationwide and oversees more than $244 billion of client assets