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Boston Advisors sells private advisory group to CAPTRUST Financial

Boston Advisors LLC sold its private advisory group to CAPTRUST Financial Advisors, an independent, employee-owned registered investment adviser.

The deal adds 15 people and more than $1.5 billion of wealth management client assets under management to CAPTRUST's wealth management business. The deal was effective Oct. 1, and the group will assume CAPTRUST's brand as part of the transaction.

Terms of the deal were not disclosed.