Deals & People September 6, 2012

CAPTRUST Expands Presence in Boston

Bay Colony Partners, a retirement consulting group in Boston, was acquired by CAPTRUST Financial Advisors.
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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.

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“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.

 

Deals & People September 6, 2012

ExpertPlan and RedHawk Form Partnership

Redhawk Wealth Advisors Inc. selected ExpertPlan to provide recordkeeping and administrative services for the advisory firm’s qualified retirement plan business.
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Under the strategic alliance, ExpertPlan will design and host a fully branded, private-label retirement suite of products and plan designs that use Redhawk Wealth Advisors’ custom investment-managed portfolios. The proprietary portfolios will consist of exchange-traded funds (ETFs), with clearing, settlement and custodial services from TD Ameritrade.

Redhawk chose ExpertPlan because of their willingness to work with clients of all sizes, according to Adrienne Rivett, manager of adviser services at Redhawk. “Their innovative private-label design will maximize our ability to market our product to the masses,” Rivett said.

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“We are extremely proud to have been selected by Redhawk Wealth Advisors to provide them with the retirement plan tools, resources and support to help them capitalize on increasing their retirement business,” said Ross Brown, senior vice president of sales and relationship Management at ExpertPlan.

ExpertPlan, in Princeton, New Jersey, is a provider of private-label recordkeeping plan solutions. Minneapolis-based Redhawk Wealth Advisors is a registered investment advisory firm

 

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