September 06, 2012
--- Bay
Colony Partners, a retirement consulting group in Boston, was acquired by CAPTRUST Financial Advisors. ---
The group’s practice is
focused on qualified and nonqualified corporate retirement plans, as well as individual
wealth management. The newly acquired team includes Gary Cowles and Robert
Auditore, Bay Colony’s principals and founders, who have years of experience designing,
implementing and administering qualified plans and nonqualified executive
benefits.
CAPTRUST said the addition of
Cowles and Auditore is a reflection of the firm’s
commitment to nonqualified executive benefits. To support this commitment,
CAPTRUST launched a website for nonqualified
plans with interactive tools for plan sponsors to benchmark their existing
plan, test their nonqualified knowledge and review articles by the CAPTRUST
nonqualified executive benefits team.
“We are very excited to be
joining CAPTRUST and see this partnership as the next step in the evolution of
our firm,” Auditore said. Cowles added, “We are thrilled to have affiliated
with a company that is not only like-minded but that also makes us better for
our clients who have and will continue to be our primary focus.”
This is the second office
location for CAPTRUST this year, giving it a total of 17 offices. “I am
thrilled to welcome Gary and Bob to our team,” said J. Fielding Miller, CAPTRUST
co-founder and chief executive. “They are superb advisers who will immediately
strengthen our presence in Boston, serving the strong demand for independent
and unbiased retirement and investment advice.”
CAPTRUST Financial Advisors,
an independent retirement plan advisory firms, is headquartered in Raleigh,
North Carolina.
Jill Cornfield