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CAPTRUST’s Fielding Miller Talks Growth Trends with PLANADVISER

PLANADVISER’s John Manganaro recently sat down with CAPTRUST CEO Fielding Miller to talk about growth trends. In the exclusive interview, Miller “describes in detail the firm’s success building scale in the 3(38) fiduciary advice market.” In a 3(38) arrangement, the plan sponsor transfers liability for investment decisions to the investment manager.

“‘It is pretty intuitive why 3(38) seems more scalable—because you can create your investing models and manage them directly on behalf of many clients all at once,’” Miller explained. “‘However, if you zoom in and think about how trading and processing works in 401(k) plans, you can see that the benefits of this scale will only come into play once you reach a certain amount of back office sophistication and client volume.’”

Last year, a PIMCO study totaled 3(38) assets across all advisory firms, showing CAPTRUST holding roughly 70% of market share. “‘I’ll be completely frank,’” said Miller. “‘We are very proud of our offering, but the main reason this is true is that we got started earlier than most everyone else—and we have this infrastructure in place.’”

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Press Releases

CAPTRUST Merges with Knox Capital Group

CAPTRUST, one of the nation’s leading wealth management and institutional advisory firms, announced that Salt Lake City-based Knox Capital Group, one of Utah’s premier wealth management firms, has joined the family, bringing with it over $300 million in client assets.

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VESTED, Winter 2018

We are pleased to announce that the Winter 2018 issue of VESTED, CAPTRUST’s magazine for clients and friends, is now available. Subscribing clients will receive their copies in the mail this week. If you are interested in receiving VESTED Magazine, please let us know via email.

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