CAPTRUST Financial Advisors, an RIA based in Raleigh, N.C., has acquired Campbell Wealth Management in Alexandria, Virginia, and TruNorth Wealth Partners in St. Paul, Minnesota.
Led by CEO Kelly Campbell, Campbell Wealth focuses on holistic financial and retirement planning and is CAPTRUST’s first location in Alexandria. The firm has a staff of 33 and $1.4 billion in assets.
“Joining CAPTRUST was a natural next step for our firm because it also believes in the importance of financial planning and is helping us to bring deeper resources to clients, including estate planning, more extensive tax planning, and family office services,” Campbell said.
Founded in 2005 by CEO Peter Rekstad and Travis Gleason, TruNorth offers financial services including estate planning and multigenerational wealth planning, family education and retirement planning for executives and professionals. The firm also serves institutions including community and religious entities. TruNorth has a staff of 10 and more than $570 million in assets.
“Over the years, I’ve had many ideas about additional services that would be really impactful for our clients’ financial lives but were just not feasible, given the size of our firm,” said Rekstad. “With CAPTRUST, we can provide family office services, access to tax planning and compliance, and more, all from trusted CAPTRUST colleagues who uphold our standards of service beyond expectation.”
Founded in 1997, CAPTRUST provides investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families. The firm also offers services for ultra-high-net-worth individuals.
