Captrust Financial Advisors has incorporated Meritage Portfolio Management, a Kansas City-based wealth management firm, into its operations.
Financial terms of the deal remain undisclosed.
Meritage serves high-net-worth clients and institutions such as retirement plans, endowments, and foundations. It manages client assets of $2.4bn.
The firm officially joined Captrust in December 2025 and has adopted the Captrust brand.
Leadership at Meritage includes president and co-chief investment officer Mark Eveans and Principal Jim Klein.
The deal adds 17 employees to Captrust, nine of whom are advisers.
Houlihan Lokey provided financial advice to Meritage for this transaction.
Eveans said: “By joining Captrust, we are positioning ourselves for long-term success. This strategic step gives our team access to a broader network of resources and support that will help us create new opportunities for both our clients and colleagues.”
Captrust principal and Midwest regional leader Nick Blasi said: “Meritage has a unique perspective and proven expertise that complements our capabilities.
“Kansas City has become a key growth market for Captrust, and Meritage’s reputation for thoughtful, trusted client relationships adds tremendous value as we continue to expand. This addition strengthens our ability to serve clients locally while supporting our long-term national growth.”
This development follows Captrust’s previous acquisitions in the Kansas City area, including Frontier Wealth Management in 2022.
Upon the integration of Meritage, Captrust now employs 54 staff members across two Kansas City locations.
Captrust provides services to individuals and institutions, including investment management, financial planning, fiduciary support, and other offerings for retirement plan sponsors and nonprofits.
Last March, Captrust also acquired Carolinas Investment Consulting in Charlotte, North Carolina. Established in 2001 by George Edmiston, CIC manages assets exceeding $1.4 bn.
“Captrust adds $2.4bn in assets with Meritage purchase” was originally created and published by Private Banker International, a GlobalData owned brand.
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