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Laxman Pai, Opalesque Asia: Raleigh, NC-based Captrust Financial Advisors has acquired Welch Hornsby, a Montgomery, Alabama-based advisory firm with $5.5bn in assets under advisement, of which $1.75bn are discretionary assets under management.
Welch Hornsby performs wealth management and retirement plan advisory work for individuals and institutions. The advisory firm will take on the Captrust name and branding, a press release said.
Founded in 1988, Welch Hornsby offers investment advisory services focused on the needs of high-net-worth individuals and families, endowments, foundations, corporate and municipal retirement plans, and other institutional clients, it said.
Welch Hornsby was founded more than 30 years ago and today is led by Co-Founder, Chairman, and CEO Edward V. Welch, Jr. Welch will be joining Captrust, along with 14 financial advisors and research professionals as well as 12 operational staff.
"The Welch Hornsby team has built a remarkable firm that has prioritized doing what's right for their clients above all else. This made them an ideal fit to join Captrust," said Captrust Senior Director, Strategic Growth, Rush Benton.
Since 2006, Captrust has added 40 firms across the country to build out the RIA's wealth management and institutional practices. With the addition of Welch Hornsby, Captrust now oversees an estimated $370 billion in assets with its more than 675 employees.
"The combination of organic growth and the 40 no...................... To view our full article Click here
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