CAPTRUST Adds $2.4B Wealth Manager

CAPTRUST Financial Advisors has acquired Meritage Portfolio Management, a Kansas City-based wealth manager overseeing $2.4 billion in client assets. Meritage provides wealth management services to high-net-worth individuals, as well as investment management for retirement plans and endowments and foundations, and brings 17 new colleagues to CAPTRUST, including nine advisors. 

“This strategic step gives our team access to a broader network of resources and support that will help us create new opportunities for both our clients and colleagues,” explained Mark Eveans, president and co-CIO of Meritage. The firm is led by Eveans and principal Jim Klein. 

“Kansas City has become a key growth market for CAPTRUST, and Meritage’s reputation for thoughtful, trusted client relationships adds tremendous value as we continue to expand,” added Nick Blasi, principal and Midwest regional leader at CAPTRUST. 

CAPTRUST has been steadily building its presence in Kansas, adding several firms in Kansas City in recent years, including Frontier Wealth Management in 2022, as well as in Wichita. With the addition of Meritage, the firm now has 54 employees in the state and two locations in Kansas City. 

Last fall, Raleigh, N.C.-based CAPTRUST announced the acquisition of Rochester, N.Y.-based Cobblestone Capital Advisors, its first location in Upstate New York, bringing in $3.1 billion in assets. Meritage joined CAPTRUST in December 2025 and, consistent with prior deals, will adopt the CAPTRUST brand.  

Houlihan Lokey served as Meritage’s financial advisor on the transaction. 

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