CAPTRUST Financial Advisors has added Pacific Sage Partners, an Edmonds, Washington-based wealth management firm advising on approximately $1.1 billion in client assets, expanding CAPTRUST’s presence across the Pacific Northwest.
Pacific Sage Partners is led by founder and CEO Mark Anderson and has an eight-person team focused on holistic wealth management.
The transaction gives Pacific Sage Partners access to CAPTRUST’s broader operating infrastructure, resources, and support while allowing the team to spend more time working directly with clients and less time managing the operational aspects of an independent advisory business.
Pacific Sage Partners will adopt the CAPTRUST brand following the transaction.
The addition also expands CAPTRUST’s wealth management footprint in Washington, where the firm already operates offices in Wenatchee and Bellevue.
CAPTRUST currently has 14 employees in the state, including 10 advisors.
The firm said Pacific Sage Partners brings established client relationships and a strong regional presence that can support further expansion across Washington and the broader Pacific Northwest.
CAPTRUST provides investment management and advisory services to individuals, endowments, foundations, nonprofit organizations, retirement plan sponsors, and employees.
For individual clients, the company focuses on financial planning, wealth management, and concierge services for ultra-high-net-worth households.
Its institutional offering includes outsourced chief investment officer services, fiduciary support, retirement plan design, provider analysis, fee benchmarking, and financial wellness programs.
The addition of Pacific Sage Partners continues CAPTRUST’s strategy of expanding through advisory team acquisitions while integrating acquired firms into its national brand and operating platform.
Carolyn Armitage of Wealth Management Consulting served as Pacific Sage Partners’ fiduciary advisor on the transaction, while Carr Butterfield served as legal counsel.
KEY QUOTES:
“Everyone we met at CAPTRUST was welcoming, genuine, and deeply committed to helping clients succeed. That felt familiar because we’ve worked hard to build the same kind of team at Pacific Sage Partners. CAPTRUST also gives us the resources and support to spend less time on the operational side of running a business and more time focused on helping clients navigate important financial decisions. That’s what made this opportunity so compelling.”
Mark Anderson, Founder And CEO Of Pacific Sage Partners
“Pacific Sage Partners is an important addition to our growing presence in the Pacific Northwest. Mark and his team have built an impressive business with deep client relationships and a strong reputation in the region. Bringing them to CAPTRUST expands our ability to serve wealth management clients in Washington and creates new opportunities for continued growth in the market.”
Mike Wunderli, Managing Director And Head Of Mergers And Acquisitions At CAPTRUST
