Management of Chesterton has joined the firm of CAPTRUST Financial Advisors
of Raleigh, N.C., CAPTRUST announced this morning.
bringing to CAPTRUST $1.6 billion in assets under advisement and 27
employees, increasing CAPTRUST’s nationwide headcount to more than 700, its
AUA to more than $390 billion, and its assets under management (AUM) to $45
retirement plan design, investment management, and participant education for
institutions; and financial planning, retirement goal setting, and legacy
planning for wealth management clients. Founded in 2002 by CEO Mark
Chamberlain, the firm is led by President Tim Rice and senior leaders Chip
Mang and Timothy VerShure, who will join CAPTRUST as principals.
diligence process, it occurred to us that because of our business mix,
ensemble structure, and culture, we may have been looking for a unicorn,”
Chamberlain said. “Then CAPTRUST came along. By aligning ourselves with
CAPTRUST, we are confident that our clients will benefit greatly from the
added resources of a national firm, and we are excited about continuing to
grow as part of the CAPTRUST brand.”
Management is an ideal fit for CAPTRUST not only because of the alignment
across their three lines of businesses, but also because they are a firm
that prioritizes giving back to their community,” said Rick Shoff, a
managing director in CAPTRUST’s Advisor Group. “Despite these unprecedented
times, we are continuing our trajectory of strong organic and inorganic
“Giving back to the
Indiana community has been a core focus for Lakeside since its inception,”
CAPTRUST said. “The firm has volunteered more than 20,000 hours and received
43 accolades for their efforts, including being named to the 2019 Invest in
Others Charitable Champions List. Lakeside team members will now be able to
work with the CAPTRUST Community Foundation, CAPTRUST’s employee-run
nonprofit that seeks to enrich the lives of children in the communities they
serve, to continue this worthy legacy.”
Named one of the
Best Places to Work in Indiana by the Indiana Chamber of Commerce and one of
the Best Places to Work for Financial Advisors by Investment News, Lakeside
adds $1.1 billion in institutional and $526 million in wealth management
assets to CAPTRUST.
Lakeside will be taking on the CAPTRUST name and brand,” CAPTRUST said.
This is CAPTRUST’s
41st transaction since 2006.
founded in 1997 in Raleigh, N.C., and has clients in all 50 states,
providing “investment advisory, asset management, and planning services to
thousands of affluent private clients and institutional investors such as
retirement plan fiduciaries, endowments, foundations, and religious