CAPTRUST Acquires $5.8B Texas Firm Monroe Vos Consulting

Monroe Vos founder says joining CAPTRUST will provide scale of economics.

CAPTRUST Financial Advisors has announced the acquisition of Monroe Vos Consulting Inc. The firm brings its entire team of 17 to CAPTRUST and more than $5.8 billion in assets.

Monroe Vos provides advisory services for retirement plan sponsors, endowments and foundations. The firm also offers wealth management services to high-net-worth individuals and family offices. Founded by Jim Monroe and Tim Vos in 1994, Monroe Vos is based in Houston, with an additional location in Birmingham, Alabama.

“We’ve probably got roughly about half of our assets in retirement funds,” Vos says. “It’s been a very good part [of the business], especially the defined contribution side. We do defined benefit as well, but that has been slowly being retired. Defined contribution is really the growth area.”

The acquisition is the first for CAPTRUST in 2023 and the 64th since 2006. CAPTRUST has had a presence in Texas for more than a decade, including the acquisitions of Covenant Multifamily Offices in 2021 and South Texas Money Management in 2019, and has more than 100 employees there. As in prior deals, Monroe Vos will take on CAPTRUST branding.

“There’s been a number of things that has come with the connection with CAPTRUST,” Vos says. “We’ve got a lot more technology, we’ve got scale and [we’ve got] scale of economics, so there could be cost savings as well that we see in joining CAPTRUST. Really there’s just consistency of service and sustainability of service to our clients, as we have a long succession program. We have an engaged group of employees that now have the opportunity to become shareholders, which we really encourage.”