CAPTRUST and Holmes Murphy Collaborate Under Common Vision

USA - English

• USA - English

RALEIGH, N.C., Dec. 27, 2010 /PRNewswire/ -- CAPTRUST Financial Advisors, one of the nation's leading independent retirement plan advisory firms, today announced the opening of an office in Des Moines, Iowa and the acquisition of a veteran retirement advisory team from the financial services division of Holmes Murphy & Associates. In association with the acquisition, CAPTRUST moves into a strategic partnership with Holmes Murphy & Associates, a top ranking benefits and insurance consulting firm, to work together with clients the firms mutually serve.

The newly acquired advisory team to CAPTRUST includes Jim Pierce, Jean Duffy, Andrew Shimp, and Jen Eddleman. This four-member advisory team will head up the new CAPTRUST office in Des Moines, the firm's third office opening this year, adding to previous office openings in Dallas, Texas and Orlando, Florida in June and March, respectively.

"Speaking for my colleagues, we are all very excited for what this move means for us and our clients," says Jim Pierce. "As market complexity and the pace of new regulations quicken, I believe combining the strengths and capabilities of our team with those of CAPTRUST will lead to the advent of more holistic retirement solutions, resulting in better outcomes for our clients."

"We are thrilled to welcome Jim, Jean, Andrew, and Jen to CAPTRUST and look forward to the combination of talents this group will bring," says J. Fielding Miller, CAPTRUST co-founder and CEO. "We are also very excited about our partnership with Holmes Murphy and the benefit it will bring to the clients we service together. This collaboration underscores our commitment to building solid relationships and providing solutions to the general benefit needs of our institutional clients."

"We value the expertise Jim, Jean and the rest of the advisory team bring to Holmes Murphy clients," says Jim Swift, chairman and CEO of Holmes Murphy & Associates. "They are deeply committed to serving the best interests of their clients and I am confident their talent and dedication will only be accentuated with a strong organization, like CAPTRUST, behind them."

About CAPTRUST Financial Advisors

CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing retirement plan and investment advisory services to institutional investors, retirement plan fiduciaries, executives, and high net-worth individuals. Headquartered in Raleigh, N.C., the firm represents $52 billion in client assets with offices in Alabama, California, Florida, Georgia, Iowa, North Carolina, Maine, Massachusetts, Mississippi, Ohio, Pennsylvania, Texas, Virginia, and Washington, DC.

To learn more, visit http://www.captrustadvisors.com.

About Holmes Murphy

Founded in 1932, Holmes Murphy & Associates, an independent insurance brokerage, is ranked 22* among America's top 100 brokers. Holmes Murphy has offices in Des Moines, Davenport and Cedar Rapids, Iowa; Denver, Colo.; Dallas, Texas; Kansas City, Kan.; Omaha, Neb.; St. Louis, Mo.; Madison, Wis.; Peoria, Ill.; Oklahoma City, Okla.; Scottsdale, Ariz.; and Sioux Falls, S.D. Holmes Murphy serves business and industry leaders throughout the Midwest and across the nation in the areas of property and casualty insurance, employee benefits, captive insurance, risk management, loss control and financial services.

To learn more, visit http://www.holmesmurphy.com.

*Business Insurance Magazine, July 2010

SOURCE CAPTRUST Financial Advisors