CAPTRUST Financial Advisors recently announced the addition of Boston Financial Management (BFM). This firm adds nearly $5 billion of client assets, an additional location in Boston, and two new locations in Cape Cod, Massachusetts, and Portland, Maine.
Boston Financial Management offers wealth management and investment advisory services for individuals, families, endowments, and nonprofits. Its expertise includes wealth and financial planning, trust services, and estate planning.
Headed by President and CEO Louis Crosier, BFM adds 45 new colleagues to CAPTRUST across three locations. And as part of the deal, BFM founder and Chairman of the Board Richard H. Morse will retire.
BFM is the sixth Massachusetts firm that CAPTRUST added over the last five years, including Boston Advisors, Cammack Retirement Group, and RINET. Now the firm has over 100 employees across five locations in Massachusetts, making it the third largest state for CAPTRUST, behind North Carolina and Texas.
Berkshire Global Advisors served as BFM’s financial advisor in the transaction.
KEY QUOTES:
“To me, culture means what you value and how you treat people. From the first meeting it was clear that CAPTRUST feels the same and treats their clients and colleagues like we do—genuinely caring about them and working creatively to achieve the best outcomes. I believe that clients will quickly see the value that comes from being part of a larger firm and enjoy the new resources they will have access to.”
– Louis Crosier
“Boston Financial Management is one of the largest firms that have joined us. Their commitment to providing personalized and comprehensive financial solutions aligns perfectly with our values and mission. By bringing together our teams, we can offer even greater resources and expertise to our clients in New England. We are excited about the growth opportunities this union presents and about the ability to serve our clients with enhanced offerings.”
– Wilson Hoyle, managing director at CAPTRUST
