Captrust provides $2.4bn in property with Meritage buy

Captrust Monetary Advisors has included Meritage Portfolio Administration, a Kansas Metropolis-based wealth administration agency, into its operations.

Monetary phrases of the deal stay undisclosed.

Meritage serves high-net-worth purchasers and establishments equivalent to retirement plans, endowments, and foundations. It manages shopper property of $2.4bn.

The agency formally joined Captrust in December 2025 and has adopted the Captrust model.

Management at Meritage consists of president and co-chief funding officer Mark Eveans and Principal Jim Klein.

The deal provides 17 workers to Captrust, 9 of whom are advisers.

Houlihan Lokey offered monetary recommendation to Meritage for this transaction.

Eveans mentioned: “By becoming a member of Captrust, we’re positioning ourselves for long-term success. This strategic step offers our staff entry to a broader community of sources and help that can assist us create new alternatives for each our purchasers and colleagues.”

Captrust principal and Midwest regional chief Nick Blasi mentioned: “Meritage has a novel perspective and confirmed experience that enhances our capabilities.

“Kansas Metropolis has turn out to be a key development marketplace for Captrust, and Meritage’s repute for considerate, trusted shopper relationships provides large worth as we proceed to broaden. This addition strengthens our capability to serve purchasers regionally whereas supporting our long-term nationwide development.”

This growth follows Captrust’s earlier acquisitions within the Kansas Metropolis space, together with Frontier Wealth Administration in 2022.

Upon the combination of Meritage, Captrust now employs 54 employees members throughout two Kansas Metropolis areas.

Captrust offers providers to people and establishments, together with funding administration, monetary planning, fiduciary help, and different choices for retirement plan sponsors and nonprofits.

Final March, Captrust additionally acquired Carolinas Funding Consulting in Charlotte, North Carolina. Established in 2001 by George Edmiston, CIC manages property exceeding $1.4 bn.

“Captrust provides $2.4bn in property with Meritage buy” was initially created and revealed by Non-public Banker Worldwide, a GlobalData owned model.

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