Captrust Financial Advisors, a Raleigh, North Carolina-based registered investment adviser specializing in retirement plans, has acquired the $6.27 billion retirement plan advisory practice of Plante Moran Financial Advisors, an accounting, consulting and RIA firm managing $17 billion in total.
Based in Grand Rapids and Southfield, Michigan, the Plante Moran retirement team advises approximately 200 institutional clients and 240 retirement plans.
Plante Moran partners Dori Drayton and Susan Shoemaker will join Captrust, along with 11 additional retirement team members.
Captrust says the deal will boost its assets under advisement to more than $400 billion.
Terms of the agreement were not disclosed.
Last week's layoffs totaled at least 130 Cetera employees, according to a senior industry executive.
Four of the Magnificent Seven will report this week.
Easing anxiety has seen the haven asset slide from record high.
Uncertainty remains challenging for Treasuries traders.
Move will raise concerns of inflationary impact of tariffs.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
