Captrust Financial Advisors has acquired the $4 billion AUM Frontier Wealth Administration in Kansas Metropolis, Mo. With supplemental offices in St. Louis, Mo. Wichita, Kan. Omaha, Neb. and Denver, Co., the transfer signifies a significant, though not deliberate, enlargement of the firm’s existence in the Midwest.
Led by CEO Nick Blasi, Frontier delivers economic setting up, investment, insurance and other wealth management alternatives to people, people and gurus, in addition to corporate retirement plans. Together with the five new locations, Frontier brings 46 employees and extra than $4 billion in shopper assets to Captrust.
Blasi said the choice to sell was driven generally by a need to present extra possibility for the firm’s more youthful personnel.
“As we reflected on what the future 3 to five a long time looked like, we actually were being focused on our