Home Wealth Management Captrust Acquires $5.8B Monroe Vos Consulting

Captrust Acquires $5.8B Monroe Vos Consulting

Captrust Acquires $5.8B Monroe Vos Consulting


Captrust Monetary Advisors has introduced its acquisition of Monroe Vos Consulting, a Houston-based registered funding advisor with greater than $5.8 billion in consumer property.

Monroe Vos was based by Jim Monroe and Tim Vos in 1994 and brings a 17-person staff to Captrust. The agency, which has a second location in Birmingham, Ala., gives advisory companies to retirement plan sponsors, endowments and foundations, and wealth administration companies to high-net-worth people and household places of work.  

Vos stated the agency determined to promote out of a need for extra scale—notably within the areas of know-how, analysis and pricing—and the necessity for a succession plan.

“And we’ve all the time wished our complete staff to have fairness possession,” he added. “With Captrust, there’s a path to fairness possession for any worker who’s been there for 3 years.”

Each companies got here out of the brokerage house years in the past in a bid to take away conflicts of curiosity, famous Vos. “That actually clicked after we met,” he stated. “So, that was a plus and, lastly, it was the group. We love to offer again to the group and noticed that very same thought clearly current at Captrust with their Group Basis as effectively.”

The acquisition strengthens Captrust’s presence within the Houston and Birmingham markets, becoming a member of the agency’s present wealth, retirement plan, and endowment and basis practices in these areas.

Managing director of the agency’s advisor group, Rick Shoff stated companies that already provide all three of Captrust’s enterprise strains typically current the very best alternatives for acquisition.

“There are only a few companies which might be pretty much as good in any respect of these as we’re, in order that was engaging with Monroe Vos, and we even have very related purchasers,” he stated. “After which, the most important factor for us is expertise. The agency with essentially the most expertise goes to create essentially the most worth.”

The Monroe Vos deal follows the Texas additions of Covenant Multifamily Workplaces in 2021 and South Texas Cash Administration in 2019. Captrust has had a longtime presence in Texas for greater than a decade and employs greater than 100 individuals within the state.

Each companies serve a mixture of institutional and high-net-worth purchasers, stated Park Sutton Managing Director Steven Levitt, whose agency represented Monroe Vos within the transaction.

Park Sutton has served as advisor on 4 offers involving Captrust in recent times and Levitt stated to count on extra “coming down the pike quickly.”

The deal, which represents Captrust’s sixty fourth since 2006, is the agency’s first in 2023.

Shoff confirmed that extra offers are set to be introduced however declined to share particulars, besides that they may probably be bigger on common than in 2022.

“Now we have a handful which might be within the technique of closing,” he stated. “And, even when that’s all we did for the remainder of the 12 months, it might nonetheless be a fantastic 12 months from an acquisition standpoint. However our pipeline is admittedly robust, and I feel we’ll undoubtedly have a number of extra earlier than the tip of the 12 months.”

Per different transactions, Monroe Vos will tackle Captrust branding, and Vos and different staff leaders will turn out to be fairness house owners.

“After which we’re hoping that a variety of our staff members will get on that path of fairness possession down the highway,” stated Vos.

Based in 1997, Raleigh, N.C.-based Captrust affords funding recommendation, monetary planning, property planning, tax recommendation and compliance companies to people and households, in addition to further companies to retirement plan sponsors, endowments, foundations and non secular entities.

The non-public equity-backed agency presently manages greater than $125 billion in consumer property and advises on $775 billion extra throughout 75 places nationwide.



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