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Captrust Adds $154B Retirement Plan Firm

By Alex Padalka February 17, 2021

Captrust says it has acquired Cammack Retirement Group, boosting Captrust’s assets under advisement by roughly 30%.

Founded five decades ago, Cammack serves more than 170 retirement plan sponsors representing close to 1.3 million participants, according to Rick Shoff, Captrust managing director in the advisor group.

New York City and Wellesley, Mass.-based Cammack has $154 billion in AUA, Captrust says.

In all, the addition will bring Captrut 38 Cammack employees, including its leaders, Jeff Levy, Mike Volo, Emily Wrightson, Mike Sanders and Earle Allen, who join Captrust as principals, the company says.

Cammack will take on the Captrust brand as part of the deal.

The companies didn't disclose the financial terms of the deal.

The latest addition is Captrust’s 47th acquisition since 2006, the company says. Earlier this year, Captrust added an $800 million RIA in Pennsylvania as well as a $3.3 billion firm based in Phoenix. Captrust was also one of the largest RIA acquirers in 2020, according to DeVoe.

Captrust has more than 800 employees spread across over 50 locations around the country, managing more than $60 billion in assets under management and $448 billion in assets under advisement as of the end of 2020, the company says. The addition of Cammack brings Captrust’s AUA to more than $600 billion, Captrust says.

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