CAPTRUST Acquires Omega Wealth Partners

CAPTRUST Financial Advisors is continuing its run of acquiring wealth managers with a Thursday announcement of the purchase of Omega Wealth Partners, which oversees more than $710 million in assets for high-net-worth individuals and families. 

The addition of Omega is CAPTRUST’s fourth acquisition of 2023 and the 67th since 2006, according to the firm. As with other deals, Omega will take on the CAPTRUST brand. 

“The wide array of resources we gain by joining CAPTRUST will give us an edge as we continue to provide a top-notch client experience,” Tom Hardgrove, Omega’s co-owner and managing partner, said in a statement. “We knew right away that becoming a part of CAPTRUST was a good decision—at our core, we both prioritize the relationship with each client.”  

Hardgrove, alongside co-owners John Dickens and Tammy Bryant, will join CAPTRUST with six additional colleagues.  

“With a long history as a family-owned business in Fort Worth, CAPTRUST’s collaborative nature and colleagues’ genuine support for each other’s successes was one of the many reasons we knew they were the right fit,” said Dickens in a statement. “We look forward to enhancing the customized and unbiased service we currently deliver to our clients by utilizing CAPTRUST’s extensive marketing, investment, and research options.”   

Omega, based in Fort Worth, is CAPTRUST’s second deal in Texas this year. For more than a decade, CAPTRUST has sought to expand throughout the state. Recent additions of firms based in Texas include Monroe Vos, Covenant and South Texas Money Management. CAPTRUST now has a presence in seven Texas cities, totaling 120 employees.  

“We are excited to enter a new market in Fort Worth with Omega,” said Rush Benton, CAPTRUST’s senior director of strategic growth, in a statement. “As former professional athletes, Tom and John understand the collaborative nature that is crucial to CAPTRUST’s success. We are looking forward to bringing Omega’s expertise to the firm.” 

Omega’s financial adviser in the transaction was Park Sutton Advisors, a Waller Helms Company, according to the announcement.