|By PR Newswire||
|September 4, 2014 01:45 PM EDT||
RALEIGH, N.C., Sept. 4, 2014 /PRNewswire/ -- CAPTRUST Financial Advisors, one of the nation's leading independent retirement plan advisory firms, today announced that it has entered into a definitive agreement to merge with Defined Contribution Advisors, Inc. (DCAdvisors). DCAdvisors is an established institutional investment advisory firm based in Minneapolis, MN. Founded by Dan Esch in 1994, the firm will become part of CAPTRUST upon completion of the merger, expected at the end of September.
In joining CAPTRUST, the DCAdvisors team continues its commitment to independent fiduciary management and the kind of unbiased investment recommendations that help create successful employee retirement programs. The team's extensive experience delivering retirement plan consulting and investment advisory services will provide a boost to CAPTRUST's presence in the Midwest. DCAdvisors' Minneapolis office will serve as a regional hub for CAPTRUST, positioning the firm for further growth and expansion.
"The goal of both firms has always been to provide retirement plan sponsors with the best, independent advice and guidance possible," says Esch, a twenty-five year industry veteran and frequent contributor to industry publications such as Pensions & Investments, Institutional Investor, and PLANSPONSOR Magazine. He adds, "Joining CAPTRUST is the right move for DCAdvisors and its clients. CAPTRUST's deep bench and business scale will allow us to provide our clients with access to a broader range of services." After the merger, CAPTRUST will have more than 300 employees in twenty locations and more than $130 billion of assets under advisement.
"We are thrilled about bringing the DCAdvisors team on board," said J. Fielding Miller, CAPTRUST co-founder and CEO. "I have gotten to know Dan over the past decade or so and look forward to working with him. He will be a wonderful business partner and leader at CAPTRUST."
The acquisition of DCAdvisors is yet another milestone in CAPTRUST's strategic growth plan to add talented, like-minded advisors in top retirement markets across the country. In the past five years, CAPTRUST has expanded into nine new markets and has further expansion plans.
About CAPTRUST Financial Advisors
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to retirement plan fiduciaries, executives, and high net-worth individuals. Headquartered in Raleigh, N.C., the firm represents $122 billion in client assets with locations in Alabama, California, Connecticut, Florida, Georgia, Iowa, Massachusetts, Michigan, Minneapolis, Minnesota, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia, and Washington, D.C. To learn more, visit www.captrustadvisors.com.
SOURCE CAPTRUST Financial Advisors
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