CAPTRUST Expands Its Presence in Kansas City with New Meritage Team Acquisition

CAPTRUST Expands Presence in Kansas City with Meritage Portfolio Management

CAPTRUST Financial Advisors has announced its strategic move to bolster its operations in Kansas City by welcoming Meritage Portfolio Management into its fold. This significant acquisition is set to enhance CAPTRUST's capacity to provide clients with exceptional wealth management services. Meritage, recognized for its expertise in managing investments for high-net-worth individuals and institutional clients alike, brings with it approximately $2.4 billion in client assets and a team of 17 experienced professionals, including nine investment advisors.

Mark Eveans, the President and Co-Chief Investment Officer of Meritage, expressed optimism about the merger. "By joining CAPTRUST, we are positioning ourselves for long-term success," he stated. He emphasized that joining forces with CAPTRUST opens up a wealth of resources and support which will translate to new opportunities for both their clients and team members. The acquisition underscores CAPTRUST's commitment to expanding its influence in key markets and enhancing the range of services offered to clients.

Nick Blasi, a principal and Midwest regional leader at CAPTRUST, highlighted the strategic nature of this expansion. He remarked, "Meritage has a unique perspective and proven expertise that complements our capabilities." This partnership enables CAPTRUST to further establish itself in Kansas City, which has emerged as an essential growth area for the firm. Blasi also pointed out that Meritage's reputation for cultivating thoughtful relationships with clients adds significant value and strengthens CAPTRUST's local presence, aligning with the firm's broader national growth strategy.

In recent years, CAPTRUST has been actively expanding its operations in Kansas City, having previously acquired several firms, including Frontier Wealth Management in 2022. The integration of the Meritage team raises the total number of employees for CAPTRUST in Kansas City to 54, underscoring the firm's rapid growth trajectory in the area.

The merger took effect in December 2025. With all prior acquisitions, Meritage will now operate under the CAPTRUST brand, further solidifying the firm’s identity and unified approach to client services. The financial advisory firm Houlihan Lokey acted as the financial advisor for Meritage during this transition, ensuring a smooth integration into the CAPTRUST family.

CAPTRUST has been distinguished by its client-first approach in financial advising and investment management. The firm’s services span a broad spectrum, catering to individuals as well as institutions such as foundations, endowments, and nonprofit organizations. For individual clients, CAPTRUST offers comprehensive wealth management and holistic financial planning. Meanwhile, institutions can expect outsourced chief investment officer (OCIO) services and fiduciary support among other tailored solutions.

In light of the ongoing economic challenges and opportunities, CAPTRUST is undoubtedly on a mission to solidify its status as a leading financial advisory firm. This strategic acquisition of Meritage Portfolio Management not only enhances its operational capacity but also reaffirms its dedication to delivering exceptional client service. As the landscape of wealth management continues to evolve, CAPTRUST’s focus on growth and resource optimization positions it favorably for future success in the market. With an expanding reach and enhanced capabilities, CAPTRUST is set to become an even more formidable player in the financial advisory sector, dedicated to the success of its clients and colleagues alike.