Captrust Buys Pacific Sage Partners, Its Tenth Acquisition of 2026

what happened

Captrust, a registered investment adviser based in Raleigh, North Carolina, has announced the purchase of Pacific Sage Partners, marking its tenth acquisition of 2026, Barron's reports. Pacific Sage is an eight-person firm in Edmonds, Washington, overseeing roughly $1.1 billion in client assets. Its founder and chief executive, Mark Anderson, previously worked at Edward Jones and Tradewinds Capital Management. The unit will operate under the Captrust brand and strengthen the company's existing footprint in the state, where it already has offices in Wenatchee and Bellevue.

The terms of the transaction were not disclosed. Captrust said it remains open to further deals. Earlier this month the firm also added a Raleigh wealth team led by Clark Abbott and Robert Hartinger, plus Hoge-Barrett Group, a 13-person practice whose $3 billion book was tied to Truist.

why it matters

For markets, the deal itself is small, since the firm oversees about $1.1 billion. The broader picture is more telling. According to a spokesperson, Captrust handles more than $100 billion in retail assets, and its latest Form ADV lists over $1.2 trillion in total assets. Mike Wunderli, who heads its mergers and acquisitions work, says the firm values strong teams and client commitment more than the number of deals it closes.

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