RIA Powerhouse CAPTRUST Notches 64th Deal with $5.8B Texas Firm
CAPTRUST Financial Advisors, one of the country’s largest registered investment advisors, notched its first deal of 2023 with the acquisition of Monroe Vos Consulting, a Houston-based registered investment advisor with $5.8 billion in assets; the firm employees a staff 17, with a second office in Birmingham, AL.
The deal is the 64th for the Raleigh, N.C.-based RIA powerhouse since 2006. Financial terms were not disclosed. Monroe Vos will take on CAPTRUST branding.
Launched by Jim Monroe and Tim Vos in 1994, Monroe Vos Consulting provides advisory services for retirement plan sponsors, endowments and foundations while offering wealth management services to high-net-worth individuals and family offices.
“Monroe Vos has been a leader in our industry for decades, and we are thrilled to welcome them to CAPTRUST,” said Rick Shoff, managing director of CAPTRUST’s Advisor Group.
The Monroe Vos deal follows the recent additions of Covenant Multifamily Offices in 2021 and South Texas Money Management in 2019. More recently, Captrust, managed more than $125 billion in client assets and advised on more than $775 billion in assets as of the end of last year, acquired Nashville, TN–based TrustCore Financial Services, which brought in about $2.3 billion in assets.
