Captrust adds $3B Truist team; Chris Hoge says equity part of deal
Just over 68% of Captrust's more than 2,000 employees hold a stake.
At a glance
Captrust added a 13-person, $3 billion team from Truist, and Chris Hoge, the firm’s head of client solutions, said employee equity is part of the acquisition consideration.
Just over 68% of Captrust’s more than 2,000 employees hold a stake.
Merrill added a $1.2 billion UBS team in Santa Fe, and said advisors overseeing $1.8 billion joined from Morgan Stanley, Truist and Wells Fargo during the week.
Captrust added a 13-person, $3 billion team from Truist, and Chris Hoge, the firm’s head of client solutions, said employee equity is part of the acquisition consideration.
Just over 68% of Captrust’s more than 2,000 employees hold a stake. Financial terms and the Truist team’s location were not disclosed.
Merrill added a $1.2 billion UBS team in Santa Fe, and said advisors overseeing $1.8 billion joined from Morgan Stanley, Truist and Wells Fargo during the week.
LPL added Prince Financial Services, a $1 billion Seattle team from Northwestern Mutual, and Raymond James recruited GFS Advisory, a $350 million Georgia practice from Commonwealth.
Our tracking logged 1,376 advisor moves over the past 30 days, with UBS at 91 events and LPL at 83.
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