CAPTRUST Snaps Up Raleigh Advisory Firm

CAPTRUST Financial Advisors, an investment research and advisory firm, headquartered in Raleigh, North Carolina, has announced the acquisition of Atlantic Capital Management – also based in Raleigh, North Carolina.

Organized in 1994, Atlantic Capital Management provides financial advisory services primarily to corporate executives, high net worth individuals, and affluent families representing over $500 million in assets. In addition to its Raleigh office, CAPTRUST has offices in Atlanta, Charlotte, Philadelphia, and Richmond. The firm provides advisory services to clients representing over $20 billion in assets.

Expanded NC Presence

As a result of the acquisition, CAPTRUST will expand its presence in North Carolina and strengthens its service offerings to institutional investors, primarily affluent families and corporate executives that require independent and objective advice, according to a press release.

As part of the transaction, a majority of the Atlantic Capital Management staff will join CAPTRUST, including President John Pullen, who joins the company with over 28 years of industry experience.

“A key part to our growth strategy is to identify like-minded advisory firms with significant and specialized industry experience. A major competitive advantage for these firms and their clients joining CAPTRUST is that they will benefit from our research, services, and cutting edge infrastructure. Atlantic Capital represents another successful step for our national growth strategy and we are thrilled with the addition of Atlantic Capital to the CAPTRUST team,’ said Fielding Miller, CEO of CAPTRUST.