Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1