CAPTRUST Expands Footprint With N.Y. Office

The newest office of CAPTRUST Financial Advisors opened in Manhattan.

With an expanding client base in the New York metropolitan area, the office will accommodate a number of the firm’s financial advisers and provide a local base for servicing clients in New York.

John Davenport has been hired as vice president and financial adviser for the New York office, where he will provide investment advisory services to fiduciaries of corporate retirement plans. Davenport, a CFA charter holder, joins CAPTRUST from Barclay’s and was previously an intern at CAPTRUST while attending high school and college.

The Manhattan office is the firm’s third new location this year. It is the 18th CAPTRUST office across the country, and joins a growing roster of offices in retirement markets such as Houston, Washington, D.C., Los Angeles, and most recently, Boston. In July, the firm acquired Bay Colony Partners. (See “CAPTRUST Expands Presence in Boston.”)

“I’m thrilled to have John back with us and working out of our newest office,” said J. Fielding Miller, chief executive of CAPTRUST. “Our advisers have been doing a great job in the metro New York area for some time and the new Manhattan office will allow us to take it to the next level. It’s great to have a local presence in the financial capital of the world.”

CAPTRUST Financial Advisors is an independent retirement plan advisory firm based in Raleigh, North Carolina.