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Captrust adds $1 billion RIA in Virginia

Catawba Capital Management, a 10-person firm, is based in Roanoke.

Captrust Financial Advisors has acquired Catawba Capital Management, a Roanoke, Va.-based RIA managing more than $1 billion in assets.

Founded in 1992 and led by partners Terence Crowgey and R. Jay Irons, Catawba is a 10-person firm that serves individuals, businesses and institutions in 21 states. It will take the Captrust name.

Captrust, based in Raleigh, N.C., said the addition will bring to four the number of its offices in Virginia, The firm now has 153 advisors in 36 locations advising on more than $278 billion in client assets.

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