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Captrust Adds $1.25 Billion Stillwater Capital Advisors Captrust Financial Advisors, a Raleigh, N.C.-based registered investment advisor with more than $1.2 trillion in assets under advisement and management, announced it added Stillwater Capital Advisors, a Devon, Pa.-based RIA with $1.25 billion in client assets. Stillwater provides investment and wealth management services to individuals, small businesses, endowments and foundations, and is led by co-founder Doug Swope with a team of five additional professionals. According to the most recent Form ADV filings, most of Stillwater’s client assets are discretionary wealth accounts, and Captrust’s discretionary wealth assets have grown to over $320 billion.
Stillwater adds a fifth office in Pennsylvania for Captrust and will take on the Captrust brand, as all of its acquired firms do. “Joining Captrust gives us access to a network of resources and technology, which will free up more of our time to help our clients with their financial, family and life goals,” Swope said in a statement. FP Transitions advised Stillwater on the move. Captrust is majority-owned by its managers and employees, with minority stakes held by private equity firms GTCR and The Carlyle Group.