News Releases
CAPTRUST Opens Third Regional Office in 14 Months
Lands Another Top 20 Retirement Plan Market
Raleigh, N.C. (August 22, 2011)
CAPTRUST Financial Advisors today announced the official opening of its newest regional office located inside greater Minneapolis-St. Paul. This marks the firm’s third regional office opening in only 14 months, including the June 2010 opening of the firm’s Dallas office, followed by the December 2010 opening of the firm’s regional offices in Des Moines, Iowa. With today’s announcement, CAPTRUST operates from 17 offices nationwide.
Since advancing its national strategy in 2004, CAPTRUST has made steady progress in establishing a network of CAPTRUST advisors within each of the country’s Top 20 retirement plan markets, as depicted by the area’s heavy concentration of middle market retirement plans. Minneapolis-St. Paul is the 16th largest metropolitan area in the U.S. and home to 60% of the state’s population, with approximately 3.5 million residents.
“We continue to execute on our strategic plan to build-out a world-class advisor force in key retirement markets because the stakes couldn’t be higher,” says J. Fielding Miller, CAPTRUST co-founder and CEO. “Across this country, millions of baby boomers are racing towards retirement without enough accumulated savings to sustain them over the next 20 to 30 years. Obviously, this is a real issue for our country—one we believe will only compound over the next decade unless there is a dramatic shift in the level and quality of advice employees receive. In Minnesota alone, there are over 700,000 employees who will be reaching retirement age in the next 10 years.”
Ryan Boutwell, a seasoned retirement plan advisor and Minnesota native, will join the firm’s Minnesota operations as vice president and financial advisor. Boutwell was previously with Associated Financial Group in Maple Grove, Minnesota, where he worked as a retirement plan consultant to defined contribution plans for 12 years.
About CAPTRUST Financial Advisors
CAPTRUST Financial Advisors is a leading independent advisory firm specializing in providing institutional and private investors with sound advice and fiduciary support throughout the retirement continuum. Headquartered in Raleigh, NC, the firm represents $62.4 billion in client assets with offices in Alabama, California, Florida, Georgia, Iowa, North Carolina, Maine, Massachusetts, Minnesota, Mississippi, Ohio, Pennsylvania, Texas, Virginia, and Washington, DC.