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CAPTRUST Expands Presence in Boston

Firm Acquires Distinguished Boston Retirement Consulting Group, Bay Colony Partners

CAPTRUST Financial Advisors, one of the nation’s leading independent retirement plan advisory firms, today announced its acquisition of Bay Colony Partners, a group of specialists focused on qualified and nonqualified corporate retirement plans and individual wealth management, located in Boston, Massachusetts, one of the nation’s top retirement plan markets.

The newly acquired team includes Gary Cowles and Robert Auditore, principals of Bay Colony, who bring with them a combined 45 years of hands-on experience working with organizations on the design, implementation, and administration of qualified plans and nonqualified executive benefits. Together, they founded Bay Colony with the common ideals of independence, expertise, and a commitment to client service. The acquisition of Bay Colony will further perpetuate these ideals and expand services and resources available to their clients.

The addition of Auditore and Cowles is a reflection of CAPTRUST’s commitment to nonqualified executive benefits, an area of deep expertise for the former Bay Colony Partners. “We are very excited to be joining CAPTRUST and see this partnership as the next step in the evolution of our firm,” says Auditore. Cowles added, “We are thrilled to have affiliated with a company that is not only like-minded but that also makes us better for our clients who have and will continue to be our primary focus.”

This is the second new office location for CAPTRUST this year, continuing the firm’s fast-paced growth, and brings the total number offices in the U.S. to seventeen. “I am thrilled to welcome Gary and Bob to our team,” added J. Fielding Miller, CAPTRUST co-founder and CEO. “They are superb advisors who will immediately strengthen our presence in Boston, serving the strong demand for independent and unbiased retirement and investment advice. To echo my recurring sentiment, CAPTRUST just got better today – times two.”

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 $76 billion in client assets with offices in Alabama, California, Florida, Georgia, Iowa, Maine, Massachusetts, Minnesota, Missouri, North Carolina, Ohio, Pennsylvania, Texas, Virginia, and Washington, DC.



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