CAPTRUST Financial Advisors, one of the nation’s leading independent wealth management and retirement plan advisory firms, today announced that it has entered into a definitive agreement to merge Parker Carlson & Johnson Investment Management into its wealth management practice. Based in Dayton, Ohio, Parker Carlson & Johnson has been providing wealth management and investment advisory services to individuals, families, corporations, and non-profit entities since 1982. The transaction is expected to close within 30 days.
The decision to partner with CAPTRUST was the result of a methodical six-month search conducted by Parker Carlson & Johnson’s principals with the help of outside M&A advisor David Selig of Advice Dynamics Partners. “CAPTRUST’s depth of resources and people strengthens our research and advisory capabilities and improves the technology we need to service our clients,” said Carlson. Close cultural fit was also a significant factor in the firm’s decision. “We foresee an immediate and positive impact on our clients,” she added. “In fact, we have already announced the merger to our Dayton-area clients and have received an enthusiastic response.”
This announcement follows quickly on the heels of CAPTRUST’s July merger with Bethlehem, Pennsylvania-based MFP Strategies, which added 25 new colleagues and deep expertise in ultra-high-net-worth estate planning and business preservation strategies. This merger marks the latest milestone in the firm’s long-term goal to add top talent in key markets across the country.
Upon closing of the transaction, CAPTRUST will have more than 340 employees in 26 office locations servicing a nationwide client base of wealth management and corporate retirement plan clients. CAPTRUST CEO Fielding Miller said “The professionals from Parker Carlson & Johnson are terrific additions to our wealth management team here at CAPTRUST. It’s always a good day when we announce talented new colleagues.”
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, North Carolina, the firm represents $176 billion in client assets with offices in Alabama, California, Connecticut, Florida, Georgia, Iowa, Michigan, Minnesota, Missouri, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia.