CAPTRUST has acquired Meritage Portfolio Management for $2.4 billion, significantly expanding its asset management capabilities. Meritage, an investment management boutique based in Overland Park, KS, specializes in providing asset management and wealth management services. The firm manages $1.7 billion in assets for a diverse client base, including families, foundations, endowments, corporations, and qualified retirement plans, serving local, regional, and national clients.
For over 25 years, Meritage has distinguished itself through a hands-on, value-driven approach to portfolio management. The firm builds portfolios security by security, emphasizing direct relationships between clients and its seasoned, credentialed investment professionals. This model prioritizes intimate understanding of individual client circumstances, offering an alternative to mass-market investment products. Meritage also provides a broad range of wealth management services, characterized by face-to-face meetings and transparent fee structures. Its professional team includes Chartered Financial Analysts, Certified Public Accountants, and Chartered Financial Planners.
This acquisition is strategically significant for CAPTRUST, integrating Meritage's specialized expertise and client-centric model. Meritage's focus on personalized asset management and comprehensive wealth services aligns with the evolving needs of sophisticated investors. The addition of Meritage's $1.7 billion in assets under management and its established client relationships further strengthens CAPTRUST's market position and expands its geographic footprint in the Midwest. The integration of Meritage's experienced team also enhances the combined entity's professional resources.
The combination of CAPTRUST and Meritage Portfolio Management is expected to create synergies by leveraging Meritage's deep client relationships and bespoke investment strategies within a larger organizational framework. This move aims to broaden the scope of services available to clients of both firms, offering enhanced resources and continued personalized attention. The unified entity is poised to deliver a comprehensive and client-focused approach to investment and wealth management.