CAPTRUST Expands Upstate New York Presence with New Partnership

CAPTRUST Expands Its Footprint in Upstate New York

In a significant move, CAPTRUST Financial Advisors has announced its partnership with Cobblestone Capital Advisors in Rochester, New York. This acquisition is poised to enhance CAPTRUST’s reach and deepen its commitment to providing exceptional financial advisory services to both individuals and institutions.

A Valuable Collaboration

On October 15, 2025, CAPTRUST revealed that Cobblestone, a firm specialized in investment and wealth management services, has officially joined its ranks. Led by a proficient executive committee consisting of CEO John DiPasquale, CIO Jason Garlock, and Managing Director Chris Mooney, Cobblestone brings with it $3.1 billion in wealth and institutional assets, along with 42 professionals, including 15 skilled advisors.

DiPasquale expressed his enthusiasm about the merger, stating, "From our initial discussions, there was a clear alignment in values and commitment towards our clients, colleagues, and communities. Joining CAPTRUST not only fortifies what we have developed for our clients but also broadens our horizons for future possibilities. We are eager to leverage the same trusted services we have always delivered, but now with enhanced resources and reach."

Strengthening Partnerships

Rick Shoff, managing director at CAPTRUST, noted the importance of Cobblestone’s approach, which is consistent with CAPTRUST’s mission. He stated, "We continuously seek firms that excel in delivering client service and resonate with our long-term vision. Cobblestone fits this description perfectly, augmenting our capacity in the northeastern market and enriching our talent pool."

Before this acquisition, CAPTRUST operated two offices in New York City and Lake Success on Long Island. The integration of Cobblestone not only increases their New York workforce to 87 employees but also marks CAPTRUST’s inaugural establishment in Upstate New York.

This acquisition underscores CAPTRUST’s strategy of growth through collaboration with firms that prioritize exceptional service and share similar cultural values. Cobblestone is set to adopt the CAPTRUST brand, further solidifying the company's presence in the region.

Future Prospects

Both firms envision a future filled with potential, mirroring the ambitions reflected in their alignment. With the newfound collaboration, CAPTRUST is equipped to provide enhanced services to its clients, ensuring a holistic approach to financial planning and asset management. As their services evolve, they aim to embody client-first principles and maintain robust community engagements.

In conclusion, CAPTRUST’s expansion into Upstate New York with Cobblestone Capital Advisors symbolizes a strategic progression in its mission to deliver independent financial advice while deepening relationships with clients across different markets. The partnership heralds a new chapter for both entities, promising broader service reach and enhanced financial solutions in the Northeast region.