The Raleigh, North Carolina-based firm today announced the opening of an office in Des Moines, Iowa and the acquisition of a veteran retirement advisory team from the financial services division of Holmes Murphy & Associates. In association with the acquisition, CAPTRUST moves into a strategic partnership with benefits and insurance consulting firm Holmes Murphy & Associates.
According to the announcement, the newly acquired advisory team includes Jim Pierce, Jean Duffy, Andrew Shimp, and Jen Eddleman. This four-member advisory team will head up the new CAPTRUST office in Des Moines, the firm’s third office opening this year, adding to previous office openings in Dallas, Texas and Orlando, Florida in June and March, respectively.
“Speaking for my colleagues, we are all very excited for what this move means for us and our clients,” says Jim Pierce. “As market complexity and the pace of new regulations quicken, I believe combining the strengths and capabilities of our team with those of CAPTRUST will lead to the advent of more holistic retirement solutions, resulting in better outcomes for our clients.”
“We are thrilled to welcome Jim, Jean, Andrew, and Jen to CAPTRUST and look forward to the combination of talents this group will bring,” says J. Fielding Miller, CAPTRUST co-founder and CEO, in announcing the acquisition. “We are also very excited about our partnership with Holmes Murphy and the benefit it will bring to the clients we service together. This collaboration underscores our commitment to building solid relationships and providing solutions to the general benefit needs of our institutional clients.”
“We value the expertise Jim, Jean, and the rest of the advisory team bring to Holmes Murphy clients,” says Jim Swift, chairman and CEO of Holmes Murphy & Associates. “They are deeply committed to serving the best interests of their clients and I am confident their talent and dedication will only be accentuated with a strong organization, like CAPTRUST, behind them.