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Deals & People March 5, 2009
Davis to Anchor CAPTRUST West Coast Expansion
CAPTRUST Financial Advisors has reached out in another direction for its second big acquisition of 2009.
Reported by Nevin E. Adams
Mark A. Davis, 17-year veteran of the retirement industry and founding principal of Kravitz Davis Sansone, Inc., has joined CAPTRUST Financial Advisors. Davis, a well-known expert in the retirement industry, routinely addresses national industry conferences and plan sponsor forums. Most recently, Davis worked with members of the U.S. Senate, House of Representatives, and the Government Accountability Office on a variety of retirement plan issues affecting plan sponsors and plan participants.
CAPTRUST described the move as “another significant step in the firm’s strategic plans to have a physical presence in each of the nation’s leading retirement markets.’ Earlier this year CAPTRUST lured industry veteran Steve Wilt and three of his partners at the Akron, Ohio-based Star Group from Merrill Lynch (see Wilt & Team Set a New Course). Wilt now leads CAPTRUST’s Midwest operations.
“Joining CAPTRUST was a natural decision for me,’ said Davis. “As the retirement industry continues to change, the need for independent and objective advice has never been more critical. CAPTRUST is a highly focused retirement advisory firm with the resources and professional support in place to greatly enhance my ability to serve my fiduciary clients in today’s rapidly dynamic environment.’
“Our success hinges on our ability to attract talented advisers who can distinctly help plan sponsors and their participants navigate the growing list of challenges they are facing,’ added J. Fielding Miller, CAPTRUST co-founder and CEO. “Adding Mark Davis to our ranks is a major win for CAPTRUST, but more importantly, a major win for our clients. We could not be more thrilled with having Mark lead our firm’s efforts in California.’
CAPTRUST Financial Advisors is an independent investment research and retirement advisory firm specializing in providing strategic advisory services to retirement plan fiduciaries, executives, and high net-worth individuals. Headquartered in Raleigh, N.C., the firm represents $22 billion in client assets.
More information is available at www.captrustadvisors.com. See also Miller Time