CAPTRUST Financial Advisors (CAPTRUST) has announced the addition of Patriot Pension Advisors (PPA) based in Foxborough, Massachusetts.
Founded in 2002, PPA supports sponsors of retirement plans, including 401(k), 403(b), and defined benefit plans. According to a press release, the firm oversees more than $900 million in client assets and is led by Ted Burke, who will be joining CAPTRUST, along with his colleague Michelle Marchionni.
The addition of PPA further expands CAPTRUST’s footprint in Massachusetts. More than 50 colleagues from RINET and Cammack Retirement Group joined the firm last year. Boston Advisors joined in 2019.
“We are excited to build out our institutional business in the Northeast with the addition of PPA,” says Rick Shoff, managing director of CAPTRUST’s Advisor Group. “Ted and Michelle bring decades of experience in this industry, and we look forward to helping their clients enhance their retirement planning experience.”
This is the 59th deal for CAPTRUST since 2006 and the third of 2022. Consistent with other transactions, Patriot will take on the CAPTRUST brand.
MidCap Advisors served as PPA’s financial advisor in the transaction.
- Log in to post comments