Captrust has acquired Cobblestone Capital Advisors, LLC for an undisclosed amount. This transaction marks a significant expansion of Captrust’s wealth management capabilities and geographic presence. Cobblestone Capital Advisors, LLC, headquartered in Rochester, NY, is an experienced investment advisory firm that manages $2 billion in assets for over 750 clients, encompassing individuals, families, and institutions.
For more than three decades, Cobblestone has delivered comprehensive investment management services, wealth planning, portfolio management, and private investments. The firm operates with a deeply staffed team of professionals, specializing in guiding clients through critical financial milestones, from retirement planning to preserving generational wealth, while adhering to its fiduciary duty to act in clients' best interests.
This acquisition represents a strategic move for Captrust, integrating Cobblestone’s substantial client base and deep expertise into its operations. The addition of Cobblestone's robust service offerings, particularly in wealth planning and private investments, directly complements Captrust’s existing financial advisory business. Captrust aims to leverage Cobblestone's experienced team and established presence in the Rochester, NY market to enhance its overall footprint.
The merger is expected to yield immediate synergies, providing Cobblestone’s clients with access to Captrust’s broader resources and technological capabilities, while Captrust benefits from an expanded asset base and a seasoned advisory team. The combined entity is poised to offer an even more comprehensive suite of financial planning and investment management services, reinforcing its position as a leading firm in the wealth advisory sector and serving a diverse and growing client population across an expanded operational landscape.