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CAPTRUST Strengthens Presence in Houston with New Addition

CAPTRUST Financial Advisors has announced an exciting expansion in Houston, Texas, with the recent addition of the Wealth Covenant Group (WCG). This strategic move aims to enhance CAPTRUST’s capabilities in providing top-tier financial advisory services to a broader clientele. With a focus on comprehensive financial and estate planning, as well as investment management, this partnership is set to deliver unparalleled support to families and businesses in the region.

The Wealth Covenant Group has a strong reputation for its commitment to serving a select group of families and business owners. Under the leadership of President Dennis Stavinoha, WCG has cultivated a trusted advisory relationship that encompasses asset protection, tax planning, and tailored investment strategies. With the integration of WCG, CAPTRUST adds three dedicated professionals and approximately $300 million in assets under management.

Dennis Stavinoha expressed enthusiasm about the collaboration, remarking, "We’re excited to enhance our client service experience by utilizing CAPTRUST's extensive resources, investment team, research, and family office services." His words reflect a keen understanding of the value that CAPTRUST brings to its advisors and clients, emphasizing a unified focus on excellence and community engagement that defines the firm's culture.

Rick Shoff, managing director at CAPTRUST, echoed this sentiment, stating, "We are thrilled to welcome Wealth Covenant Group to CAPTRUST. Their expertise and commitment to client service align perfectly with our mission and values." This acquisition aligns with CAPTRUST's strategy of significant growth in Texas, where they have witnessed a remarkable expansion over the past five years.

As of December 2024, WCG officially became part of the CAPTRUST family, adopting the CAPTRUST brand. This merger underscores CAPTRUST's strategic effort to broaden its impact in key markets, with Houston being a focal point for growth. Following this merger, CAPTRUST now boasts 12 offices and employs 188 professionals across the state of Texas, marking a solid footprint in the financial advisory industry.

Founded in 1997, CAPTRUST is known for its independent registered investment advisory services. The firm specializes in investment management, financial planning, estate planning, and tax advisory services for individuals, families, and various institutions. CAPTRUST also provides a suite of services tailored for ultra-high-net-worth clients, designed to simplify financial management and protect their legacies.

In addition to direct financial advisory services, CAPTRUST supports retirement plan sponsors, endowments, foundations, and religious organizations by offering fiduciary support, plan design, and investment advisory services. This comprehensive approach not only mitigates risk but also fosters long-term financial health for all clients, showcasing CAPTRUST’s commitment to building client trust through transparency and expertise.

The integration of WCG into CAPTRUST is expected to leverage the extensive resources and capabilities of the firm, allowing both teams to work collaboratively in delivering exceptional service to their clients. This merger positions CAPTRUST for continued success and growth, reinforcing its mission to prioritize clients, colleagues, and communities across Texas and beyond. As businesses and families navigate the complexities of financial planning, CAPTRUST stands ready to support them with unparalleled experience and resources.

In conclusion, the addition of Wealth Covenant Group marks a significant milestone for CAPTRUST in its mission to enhance financial advisory services while positioning itself as a leading firm within the industry. Through this merger, CAPTRUST aims to deliver even greater value to its clients, ensuring that their financial needs are met with the highest level of expertise and dedication.