The acquisition brings to Captrust a new location in Boston and two other locations in Massachusetts and Maine. Credit: SFIO CRACHO/Shutterstock.

Captrust Financial Advisors has acquired wealth management and investment advisory firm Boston Financial Management (BFM), expanding its presence in New England.  

The addition brings nearly $5bn in client assets to Captrust, along with a new location in Boston and two other locations in Cape Cod, Massachusetts, and Portland, Maine. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Boston Financial Management serves individuals, families, endowments, and nonprofits, offering them  

wealth and financial planning, trust services, and estate planning services. 

The acquisition sees BFM’s president and CEO, Louis Crosier, leading 45 new colleagues across three locations.  

BFM’s founder and chairman of the board, Richard H Morse will retire following the transaction. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BFM becomes the sixth firm in the state to join Captrust over the past five years.  

This expansion has resulted in Captrust employing over 100 staff across five locations in Massachusetts. 

Captrust managing director Wilson Hoyle said: “Boston Financial Management is one of the largest firms that have joined us. 

“Their commitment to providing personalized and comprehensive financial solutions aligns perfectly with our values and mission. By bringing together our teams, we can offer even greater resources and expertise to our clients in New England. We are excited about the growth opportunities this union presents and about the ability to serve our clients with enhanced offerings.” 

Berkshire Global Advisors provided financial advisory services for BFM during the acquisition process. 

Captrust offers a wide range of services including investment management, financial planning, estate planning, and tax advisory and compliance for individuals and families.  

The firm also caters to ultra-high-net-worth individuals with services designed to simplify financial complexities, mitigate risks, and preserve legacies.