Captrust Adds $1.25 Billion Stillwater Capital Advisors
Captrust Financial Advisors, a Raleigh, N.C.-based registered investment advisor with more than $1.2 trillion in assets under advisement and management, announced it added Stillwater Capital Advisors, a Devon, Pa.-based RIA with $1.25 billion in client assets.
Stillwater provides investment and wealth management services to individuals, small businesses, endowments and foundations, and is led by co-founder Doug Swope with a team of five additional professionals.
According to the most recent Form ADV filings, most of Stillwater’s client assets are discretionary wealth accounts, and Captrust’s discretionary wealth assets have grown to over $320 billion.
Stillwater adds a fifth office in Pennsylvania for Captrust and will take on the Captrust brand, as all of its acquired firms do.
“Joining Captrust gives us access to a network of resources and technology, which will free up more of our time to help our clients with their financial, family and life goals,” Swope said in a statement.
FP Transitions advised Stillwater on the move.
Captrust is majority-owned by its managers and employees, with minority stakes held by private equity firms GTCR and The Carlyle Group.
Dynamic Moves into South Carolina with $260M Capasso Planning Partners
Dynamic Advisor Solutions, a Phoenix-based RIA platform and TAMP, has expanded into South Carolina with the addition of Capasso Planning Partners, a Charleston-based RIA with $260 million in assets under management.
The fee-only Capasso was founded by Managing Partner Charlie Capasso in 2018 and does financial planning and wealth management for individuals, families and business owners.
“Partnering with Dynamic allows us to enhance the resources and capabilities available to our clients while continuing to operate with the independence and fiduciary focus that defines our firm,” Capasso said in a statement.
The move brings Dynamic’s advisor network to 88 practices in the U.S., overseeing more than $7 billion in AUM.
Wells Fargo’s FiNet Pulls Two Merrill Teams That Had Overseen $1.4 Billion
Wells Fargo Advisors Financial Network has launched Twin Harbors Private Wealth as a new FiNet practice, with the team affiliating in Melville, N.Y., and overseeing more than $1.4 billion in assets under management.
Twin Harbors is made up of six private wealth advisors—Jeff Wang, Joseph Ilg, John Rizzo, Corey Streim, Kyle Napolitano and Daniel Sporn—and three support team members, according to a Wells Fargo spokesperson.
Formerly of two separate teams at Merrill Lynch, the advisors came together and affiliated with FiNet “to be their own business owners,” according to the spokesperson.
This is the second team managing more than a billion dollars to affiliate with FiNet in Wells Fargo Wealth & Investment Management’s Long Island Market this year, which is led by Market Leader Issy Holzschuh.
In January, a $1.8 billion team, Infinity Private Wealth, affiliated with FiNet.
Wells Fargo is working to launch a newly designed fee-only RIA custody platform in the latter part of 2026 to be seeded by a few of its FiNet firms, according to interviews with executives.
Du Lac Wealth Joins Osaic From LPL With $200M in Client Assets
Independent broker/dealer Osaic announced Tuesday that it has added Du Lac Wealth Services, with the Cary, N.C.-based advisory team transitioning from LPL Financial and bringing approximately $200 million in client assets.
Du Lac Wealth is led by Managing Director James Mertens, alongside Wealth Advisors Garrett Railsback and Kerry Goodman, and Client Experience Manager Jaunt’e Smith. Du Lac Wealth’s strategy includes its own acquisition model by bringing on clients from retiring advisors, according to the announcement.
Mertens said in a statement that the move to Osaic will give Du Lac resources to “level the M&A playing field” while also upgrading the firm’s day-to-day client experience.
Scottsdale-based Osaic is owned by Reverence Capital Partners, which recently completed a $2.2 billion recapitalization alongside new investor Bain Capital. Du Lac is the sixth LPL advisory that has moved to Osaic this year, according to an Osaic spokesperson.
