Captrust Financial Advisors has acquired institutional investment advisory firm Cambridge Financial Services to expand its presence in the northeastern region of the US.
Greenwich-based Cambridge Financial, established in 1983, specializes in institutional retirement plans, foundations, endowments, insurance captives, and cash management programmes.
As part of the transaction, Cambridge Financial founder Ernest Liebre will join Captrust as senior vice president and financial advisor.
Liebre, who will operate from Captrust’s new Greenwich office, said in today’s global economy, many financial service organizations either have interlocking relationships or are strategically linked.
"Captrust’s services are entirely independent of any investment management company, insurance company, bank, custodian, brokerage company; Captrust does not sell any proprietary financial products," Liebre said.
"In addition, Captrust provides a superior level of research and technological support that will provide significant benefits to our clients."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Captrust co-founder and CEO J. Fielding Miller said, "Cambridge clients have always had access to reliable and well-considered solutions. That tradition will continue with Captrust."
Raleigh-based Captrust specializes in retirement plan as well as investment advisory services and advises on US$106 billion in client assets.