Captrust buys $5bn Boston Financial Management

.Among the largest RIAs to pursue a sale in 2024 is actually heading to Captrust.Captrust exposed on Thursday that it has actually acquired Boston Financial Management (BFM), a wealth and asset supervisor along with roughly $5bn in client properties. The offer is the 6th that Captrust, which looks after approximately $1tn in riches and also individual retirement account properties, has struck in Massachusetts in the past 5 years.’ Practically from the first day until today, our enthusiasm for this bargain remained to build,’ Captrust managing director Wilson Hoyle (visualized) told Citywire. ‘Each and every single communication our experts had along with all of them received our team excited, as well as the additional our team learned, the extra ecstatic our company obtained.

That has not transformed today.’.