Transactions

Park Sutton Advises $1.1 Billion Seattle Area RIA Trutina Financial

Park Sutton Advisors, a Waller Helms Company, is pleased to announce its representation of Trutina Financial, LLC (“Trutina”), in its acquisition by CAPTRUST. CAPTRUST, headquartered in Raleigh, NC, is a leading independent wealth and retirement manager with over $832 billion AUM/A. Trutina, based in Bellevue, Washington and founded in 2005, manages approximately $1.1 billion in wealth and retirement assets. Senior Partner and Chief Strategy Officer Matt Myers and Managing Partner and Chief Compliance Officer Geoffrey Schock, along with 13 additional colleagues, have joined CAPTRUST as part of this strategic move.

“The more we learned, the more we realized the folks at CAPTRUST are in this business for the right reasons. They will help us grow up as a firm and be able to keep serving our clients with more sophisticated services. Plus, we’re able to put equity into the hands of our people,” said Matt. Geoffrey added “CAPTRUST’s commitment to community through its foundation was a confirmation of the feelings we already had. Out of the firms we talked with, CAPTRUST was the one that most aligned with us on leaving our communities better than we found them.”

“The Pacific Northwest is a region we have wanted to expand in for a long time,” said Rush Benton, CAPTRUST’s senior director of strategic growth. “Adding the folks at Trutina is the perfect way to initiate our presence in this market.”

Park Sutton Managing Director, Dan Erichson, CFA, who led the transaction commented, “The Seattle/Bellevue area is a highly sought-after market, drawing interest from various platforms. Matt and Geoffrey were in search of a partner that could elevate their market position, empower the next-gen team with equity, and enhance career opportunities for staff. This strategic partnership underscores the importance of scale to winning larger clients, both in the direct high net worth and institutional channels. Strong demand for 401(k)/retirement plan specialists continues, fueled by the ongoing convergence of wealth and retirement. We wish our friends at Trutina a bright future with their new partner.”