CAPTRUST Financial Advisors expands with acquisition of Trutina Financial

In a strategic move that marks a significant expansion, CAPTRUST Financial Advisors has announced the addition of Trutina Financial to its growing portfolio. Based in Bellevue, Washington, Trutina Financial is a prominent player in the financial advisory sector, overseeing more than $1.1 billion in assets across a diverse range of institutional and individual clients.

The merger brings together two firms with similar business models, both serving clients across three key areas: family wealth management, retirement plan services, and corporate cash management. Trutina, whose name translates to ‘balance’ in Latin, aligns with CAPTRUST’s holistic service approach, emphasizing a balance of investment strategy, financial planning, and community involvement.

Leading Trutina Financial are Managing Partner and Chief Compliance Officer Geoffrey Schock and Senior Partner and Chief Strategy Officer Matt Myers. Both Schock and Myers, along with 13 additional colleagues, have joined CAPTRUST, bringing with them a wealth of expertise and experience.

Trutina Financial Joins Forces with CAPTRUST Financial Advisors, Overseeing $1.1 Billion in Assets

Matt Myers expressed his optimism about the merger, noting that CAPTRUST’s commitment to clients and sophisticated services were key factors in their decision. “They will help us grow up as a firm and be able to keep serving our clients with more sophisticated services. Plus, we’re able to put equity into the hands of our people,” Myers said.

Geoffrey Schock highlighted CAPTRUST’s community-focused foundation as a significant aspect of their alignment. “Out of the firms we talked with, CAPTRUST was the one that most aligned with us on leaving our communities better than we found them,” Schock stated.

Rush Benton, CAPTRUST’s senior director of strategic growth, emphasized the importance of this acquisition in expanding CAPTRUST’s presence in the Pacific Northwest. “Adding the folks at Trutina is the perfect way to initiate our presence in this market,” Benton said.

Following the acquisition, Trutina will adopt the CAPTRUST brand, further solidifying the merger’s impact. The transaction was advised by Park Sutton Advisors, a Waller Helms Company. This move is consistent with CAPTRUST’s strategy of expanding its services and reach, marking another milestone in its journey towards becoming a leader in the financial advisory sector.