# CAPTRUST

CAPTRUST is an Asset Manager based in Raleigh, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Raleigh, United States
- **Region:** North America
- **Address:** Raleigh, NC, United States
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** captrust.com

## Regulatory record

- **CRD number:** 175112
- **SEC file number:** 801-62193
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/175112

## About

CAPTRUST is an SEC-registered investment adviser in RALEIGH, NC, registered since 2003. The firm manages $1.2 trillion in regulatory assets, with $320.2 billion on a discretionary basis. It has 1841 employees and 885 investment advisers.

## Sectors

- Retirement Services
- Wealth Management
- Institutional Consulting

## People

- Fielding Miller — Co-Founder and CEO
- David Perkins — Co-Founder

## Questions

### Does CAPTRUST manage assets directly or operate as a consultant?

CAPTRUST primarily functions as a discretionary and non-discretionary consultant and investment advisor rather than a direct asset manager. For retirement plans, it often serves as a 3(38) investment manager or 3(21) fiduciary, selecting and monitoring investment options on plan menus but outsourcing to third-party asset managers for the underlying funds. In wealth management, the firm constructs portfolios using external managers, ETFs, and individual securities.

### What is CAPTRUST's relationship with private-equity firm GTCR?

In 2023, GTCR invested as a minority shareholder in CAPTRUST to provide capital for continued acquisitions and operational expansion. The investment does not change the firm's client-facing structure, and the founding partners remain in control of the business. GTCR's capital serves as a permanent funding vehicle to accelerate the consolidation strategy without relying on incremental practice-revenue financing.

### What is the significance of CAPTRUST's 3(38) investment-manager designation?

Under ERISA, a 3(38) investment manager assumes full fiduciary responsibility for selecting and monitoring the plan's investment menu, shifting liability away from the plan sponsor. CAPTRUST uses this designation as a central part of its value proposition for institutional clients, giving it discretion over investment selection and the authority to replace underperforming funds without sponsor approval.

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- [JMO Financial](https://altss.com/profile/jmo-financial)
- [Open Square Capital](https://altss.com/profile/open-square-capital-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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