CAPTRUST Expands Its Footprint in the Pacific Northwest with New Partnership

In a strategic move to enhance its presence in the Pacific Northwest, CAPTRUST Financial Advisors, a leading independent wealth management firm, has announced the acquisition of Pacific Sage Partners (PSP). Based in Edmonds, Washington, PSP is recognized for its expert management of around $1.1 billion in client assets. This strategic partnership not only bolsters CAPTRUST's resources but also reinforces its commitment to delivering exceptional client service in the region.

A Holistic Approach to Wealth Management

The team at Pacific Sage Partners, led by founder and CEO Mark Anderson, has built a reputation based on a holistic approach to wealth management. "Everyone we met at CAPTRUST was welcoming, genuine, and deeply committed to helping clients succeed," stated Mark Anderson. This alignment of values and mission between the two firms was a significant factor that influenced this partnership.

Mark added that joining forces with CAPTRUST allows his team more time to focus on what they do best: guiding clients through critical financial decisions. By partnering with CAPTRUST, they will benefit from enhanced operational support, enabling them to dedicate their efforts towards client engagement rather than business operations.

Strengthening Client Relationships

The acquisition aligns with CAPTRUST's expansion strategy in the region. Mike Wunderli, managing director and head of mergers and acquisitions at CAPTRUST, remarked on the importance of this partnership. He stated, "Pacific Sage Partners is an important addition to our growing presence in the Pacific Northwest. Mark and his team have built an impressive business with deep client relationships and a strong reputation in the region. Bringing them to CAPTRUST expands our ability to serve wealth management clients in Washington and creates new opportunities for continued growth in the market."

Currently, CAPTRUST operates offices in Wenatchee and Bellevue, Washington, with a workforce comprising 14 employees, including 10 advisors. The addition of the Pacific Sage team is expected to amplify the firm's capabilities and service offerings in the Pacific Northwest, further solidifying its standing as a leader in the wealth management sector.

A Look Ahead

With the integration of Pacific Sage Partners, CAPTRUST aims to enhance its holistic financial planning and wealth management services not just for individuals, but also for institutions. CAPTRUST offers a wide array of services including outsourced chief investment officer (OCIO) services, fiduciary support, and more, thereby catering to a diverse clientele ranging from individuals to nonprofit organizations. The firm is dedicated to providing independent, client-first financial advice and continues to expand its services to meet the evolving needs of its clients.

As CAPTRUST moves forward with this latest acquisition, both firms are excited about the potential to grow and innovate together, and to better serve existing and new clients alike in the Pacific Northwest.

This partnership marks a significant milestone for CAPTRUST as it continues to reinforce its commitment to providing top-tier wealth management solutions across the United States. With a focus on client success and the backing of combined resources, the future looks promising for both CAPTRUST and Pacific Sage Partners as they embark on this new journey together.