CAPTRUST today announced its acquisition of Monroe Vos Consulting, a Houston-based registered investment advisor (RIA) with $5.8 billion in assets.
Monroe Vos provides advisory services for retirement plan sponsors, endowments, and foundations and provides wealth management services to high net-worth individuals and family offices. The firm was founded in 1994 by Jim Monroe and Tim Vos, and has a second office in Birmingham, Alabama. The firm will bring its entire team of 17 members to CAPTRUST, according to a release on the deal.
“The genesis of Monroe Vos was to avoid conflicts of interest and to put clients first—and the alignment of these values led us to choose CAPTRUST. CAPTRUST’s culture and philosophy have a lot of similarities to ours at Monroe Vos. We had commonality when it comes to the care of the client,” said Tim Vos, co-founder and director of research at the firm.
The Monroe Vos deal follows the recent additions of two San Antonio firms, Covenant Multifamily Offices, a $2.6 billion firm in 2021 and South Texas Money Management, a $3.7 billion firm in 2019. CAPTRUST also recently acquired a $100 billion retirement plan consulting firm in 2022.
This deal is the first for CAPTRUST in 2023 and number 64 since 2006. Consistent with other transactions, Monroe Vos will take on CAPTRUST branding.
“Monroe Vos has been a leader in our industry for decades, and we are thrilled to welcome them to CAPTRUST,” said Rick Shoff, managing director of CAPTRUST’s Advisor Group. “Tim and the entire firm bring an experienced perspective across all three of our business lines. We look forward to joining forces in Texas—especially as we continue to expand in this market.”
Founded in 1997, CAPTRUST is an independent registered investment advisor in Raleigh, North Carolina, providing investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
