CAPTRUST Adds Nearly $2B with Acquisition of VA, MN Advisors

CAPTRUST Financial Advisors said it has integrated approximately $2B in combined assets and 43 new financial professionals through the acquisition of Campbell Wealth Management and TruNorth Wealth Partners into its network.

CAPTRUST said it has added 33 financial professionals representing $1.4B in assets from Campbell and 10 from TruNorth managing over $570M in client assets. Campbell is led by CEO Kelly Campbell and will serve as CAPTRUST’s first location in Alexandria, VA, while TruNorth, led by CEO Peter Rekstad and Travis Gleason, operates out of St. Paul, MN.

Houlihan Lokey served as financial advisor for Campbell and Advisor Growth Strategies for TruNorth in the transaction with CAPTRUST.