Captrust Financial Advisors, a Raleigh, North Carolina-based registered investment adviser specializing in retirement plans, has acquired Reynolds Investment Management, a Greenville, South Carolina-based RIA overseeing more than $600 million in assets.
Terms of the acquisition were not disclosed.
Led by Tom Reynolds, the firm’s eight employees will be joining Captrust and working under its brand, the company said in a press release Thursday.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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