Captrust Purchases $1.25B Stillwater Capital Advisors

Captrust Financial Advisors has acquired a Pennsylvania-based financial advisory firm, which oversees about $1.25 billion in assets under management. 

Devon, PA-based Stillwater Capital Advisors, which was founded in 2009 by Douglas Swope, alongside his late father, Jack Swope, provides investment management and wealth management services to high-net-worth clients, businesses, as well as endowments and foundations.  

The firm also includes five financial professionals, which comprises an advisor, a two-person investment planning team, and two operations members. 

Following the acquisition, Stillwater will gradually transition to Captrust’s branding, and the firm marks Captrust’s fifth office in Pennsylvania, as well as its fourth transaction for the year, Captrust said. 

“Joining CAPTRUST gives us access to a network of resources and technology which will free up more of our time to help our clients with their financial, family, and life goals. The firm’s client-first focus has been evident every step of the way and matches the Stillwater culture,” Swope said. 

Specific terms of the deal were not disclosed. 

In March, Captrust acquired Tampa, FL-based Suncoast Prosperity Advisors, which oversees $830 million in assets under management and further expands the firm’s presence in the Southeast market. 

Captrust is majority-owned by its employees, and private equity firms GTCR and Carlyle Group each have minority stakes in the firm. 

Captrust, founded in 1997, oversees a total of more than $1.2 trillion in total assets for 146,777 accounts, according to its latest Form ADV updated in May. 

Pictured: Douglas Swope