CAPTRUST Financial Advisors has acquired $5.5 billion Montgomery, Ala.-based Welch Hornsby.
Founded in 1988, Welch Hornsby offers investment advisory services focused on the needs of high-net-worth individuals and families, endowments, foundations, corporate and municipal retirement plans, and other institutional clients. The firm has clients in more than 15 states.
Consistent with previous firms, Welch Hornsby will take on the CAPTRUST name and branding, moving forward.
Since 2006, CAPTRUST has added 40 firms across the country to build out the RIA’s wealth management and institutional practices. With the addition of Welch Hornsby, CAPTRUST now oversees an estimated $370 billion in assets with its more than 675 employees.
