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Captrust Adds Fountain Financial to Enhance North Carolina Footprint
Friday 14 February 2020

14 February 2020 - US-based investment advisory services provider Captrust Financial Advisors has acquired North Carolina-based independent financial planning and investment management firm Fountain Financial Associates, adding USD 654m in assets under management, the company said.
Terms of the transaction were not disclosed.
This is the fourth location for Captrust in North Carolina, including the firm's headquarters in Raleigh, as well as offices in Greensboro and Charlotte.
Captrust said with the addition of Fountain Financial, it expands its presence in North Carolina. With the addition of Fountain Financial Associates, Captrust now has more than 330 employees in the state of North Carolina, including over 50 advisors.
Captrust is an independent, employee-owned firm that provides investment advisory services to high-net-worth individuals, executives, retirement plan fiduciaries, endowments, and foundations.
Date Published: 14/02/2020
Target: Fountain Financial Associates
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Status: Closed
Buyer: Captrust Financial Advisors
Terms of the deal were not disclosed