CAPTRUST Grows in Houston with Addition of $300M Wealth Covenant Group
CAPTRUST Financial Advisors announced that Wealth Covenant Group (WCG), a Houston-based financial advisory firm with $300 million in client assets, has joined the firm. WCG joined in December 2024 and will take on the CAPTRUST brand. CAPTRUST now has 12 offices and 188 employees in Texas.
WCG is led by President Dennis Stavinoha. The firm, which has three employees, has served a select group of families and business owners, providing financial and estate planning, asset protection, tax planning, and investment management services.
“We’ve seen tremendous growth in Texas over the last five years and are excited to have the WCG team plug into our resources in the Houston market and beyond,” said Rick Shoff, managing director at CAPTRUST.
In mid-December of last year, CAPTRUST added Campbell Wealth Management, an Alexandria, VA-based financial and retirement planning-focused firm with $1.4 billion in assets, and TruNorth Wealth Partners, a St. Paul, MN-based financial services firm with $570 million in assets.
In November of 2024, CAPTRUST acquired Boston Financial Management, a registered investment advisor managing nearly $5 billion in client assets. The deal adds three new locations across the New England area.
BFM is the sixth Massachusetts firm that CAPTRUST has added over the last five years, including Boston Advisors, Cammack Retirement Group, and RINET. The firm now has over 100 employees across five locations in Massachusetts, making it the third largest state for CAPTRUST, behind North Carolina and Texas.
