Captrust Adds $154B Cammack Retirement Group

Cammack is led by Jeffrey Levy, managing partner; Michael Volo, senior partner; Emily Wrightson, vice president; Michael Sanders, principal; and Earle Allen, partner, who all join Captrust as principals. Terms of the deal were not disclosed.

"Cammack Retirement Group and Captrust are two of the largest firms in the institutional retirement space, with Cammack Retirement serving over 170 plan sponsors, which represents nearly 1.3 million participants," Rick Shoff, Captrust managing director, advisor group, said in a statement. "Bringing together our resources and deep expertise makes our offering unmatched in the industry."

Joining Captrust will help Cammack "achieve two of our long-term goals: to expand our geographical footprint and add new lines of business and services for our existing clients," Levy said in the announcement. "This exciting next chapter for Cammack Retirement will allow us the opportunity to grow, take on new challenges, and expand career opportunities for our employees."

Cammack is the 47th firm to join Captrust since 2006 and will take on the Captrust brand moving forward. Captrust has more than 800 employees across more than 50 locations nationwide and oversaw more than $60 billion in assets under management as of Dec. 31, it said.