Transactions

Engrave Wealth Partners Announces Sale to CAPTRUST

Raleigh, NC—January 18, 2024—Engrave Wealth Partners ("Engrave") has announced its sale to CAPTRUST. Engrave, a wealth management firm based in The Woodlands, Texas, oversees more than $770 million in individual client assets.

Ten colleagues will join CAPTRUST, including Managing Partner Greg Parker. The firm serves as a fiduciary to hundreds of clients across Texas, with an emphasis on long-term financial planning, including charitable giving and estate planning.

“We weren’t looking for a succession plan,” said Parker. “We recognized as we continue to grow each year, it is going to get more difficult to manage. We were looking for who we could partner with that will accelerate that growth for us.”

The majority of Engrave’s client base is nearing retirement, and the team places a focus on tax planning and proactively preparing these high-net-worth individuals for retirement. This transaction marks the second CAPTRUST office in Houston—Monroe Vos Consulting joined the firm in 2023.

“The resources we are most excited to access at CAPTRUST are the investment and tax services,” said Parker. “They are more sophisticated and built out for our clients, elevating the client experience we provide.”

CAPTRUST has continued to grow in Texas over the past year, with the addition of two more firms in 2023: Omega Wealth Partners and Southern Wealth Management. The firm now has more than 170 employees in the state.

“The team at Engrave expands our offering in the Houston area with wealth management services,” said Rush Benton, CAPTRUST’s managing director. “We are excited to welcome yet another stellar team in Texas, now our second-largest employee presence in the country.”

Engrave joined CAPTRUST in late 2023, and, consistent with other transactions, Engrave will take on the CAPTRUST brand.

Waller Helms Advisors served as exclusive financial advisor to Engrave Wealth in connection with this transaction.