Firm acquires Michigan’s largest 401(k) plan consultant specializing in comprehensive fiduciary solutions
CAPTRUST Financial Advisors, one of the nation’s leading independent retirement plan advisory firms, today announced its acquisition of Freedom One Financial Group, a retirement advisory firm specializing in providing retirement plan and investment advisory services to emerging market companies. This acquisition echoes CAPTRUST’s ongoing strategic commitment to expanding its national footprint, attracting the industry’s best talent, and deepening its expertise in full-service discretionary consulting and participant advice.
Freedom One Financial, headquartered in Clarkston, Michigan, has nearly a 25-year history of providing unbiased investment advisory services to its clients—sponsors of defined contribution plans and individual investors. Founded by Mark Wayne, the firm is known for its industry-leading combination of model portfolios, high-touch employee education and advice, and fiduciary oversight. This acquisition brings to CAPTRUST a 10-year proven record of discretionary consulting results, a long list of happy clients, and a platform that will allow it to scale its operations.
“Both firms are leaders in the marketplace and together are one of the country’s largest consultants to all types of retirement plan sponsors. We see this partnership as a real endorsement of the successful business we have built,” says Wayne, who will be taking a leadership role at CAPTRUST. He added, “We are thrilled to be a part of a company that will enable us to provide our services on a national basis and that shares the same passion for delivering best-in-class solutions to retirement plan sponsors.”
This is the second acquisition and third new office location for CAPTRUST in the past year, continuing the firm’s steady growth, bringing the total number of offices in the U.S. to nineteen. “Our primary aim is to attract the industry’s top talent and our new colleagues from Freedom One Financial fit that role perfectly,” added J. Fielding Miller, CAPTRUST co-founder and CEO. “As we try every day, CAPTRUST got better today—in a really big way!”
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, N.C., the firm represents $83 billion in client assets with offices in Alabama, California, Florida, Georgia, Iowa, Maine, Massachusetts, Michigan, Minnesota, Missouri, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia, and Washington, DC. To learn more, visit www.captrustadvisors.com or www.captrustnonqualified.com.