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Alternative Market Briefing

Captrust buys $1.6bn Lakeside Wealth Management

Monday, June 15, 2020

Laxman Pai, Opalesque Asia:

Captrust Financial Advisors, an independent registered investment advisor, has added Chesterton, Indiana-based Lakeside Wealth Management, a wealth management firm with $1.6 billion in assets under management.

The Chesterton, Indiana-based said in a press release that this latest addition increases Captrust's nationwide headcount to more than 700 advisors with more than $390 billion in client assets under advisement and $45 billion in assets under management.

Lakeside provides retirement plan design, investment management, and participant education for institutions and financial planning, retirement goal setting, and legacy planning for wealth management clients.

Founded in 2002 by CEO Mark Chamberlain, the firm is also led by President Tim Rice and senior leaders Chip Mang and Timothy VerSchure, who will all be joining Captrust as principals.

Lakeside Chief Executive Officer Mark W. Chamberlain. "By aligning ourselves with Captrust, we are confident that our clients will benefit greatly from the added resources of a national firm, and we are excited about continuing to grow as part of the Captrust brand."

"Lakeside Wealth Management is an ideal fit for Captrust not only because of the alignment across their three lines of business but also because they are a firm that prioritizes giving back to their community," said Rick Shoff, a managing director in Captrust's Advisor Group. "Despite these unprecedented times, we are continuin......................

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