Financial Performance - Revenue increased by 9% year-over-year to $5.1 billion[5] - EPS increased by 25% year-over-year to $1.88[5] - Pre-tax margin increased by 3 percentage points year-over-year to 36%[5] - Expenses increased by 4% year-over-year to $3.2 billion[5] Capital Management - Returned $1.2 billion to common shareholders, including $381 million in dividends and $849 million in share repurchases[5] - Tier 1 leverage ratio increased slightly to 6.1%[3, 11] - CET1 ratio increased to 11.7%[8, 11] Segment Performance - Securities Services total revenue increased by 11% year-over-year to $2.459 billion[19, 20] - Market and Wealth Services total revenue increased by 14% year-over-year to $1.767 billion[23, 24] - Investment and Wealth Management total revenue decreased by 3% year-over-year to $824 million[27, 28]

Core Insights - Captrust Financial Advisors has acquired Cobblestone Capital Advisors, adding $3.8 billion in client assets to its portfolio [1][2] - The acquisition enhances Captrust's presence in New York, marking its third office in the state and increasing its employee count to 87 [4] Company Overview - Captrust, based in Raleigh, N.C., manages over $1 trillion in assets under advisement and management [1] - Cobblestone Capital Advisors, founded in 1986, specializes in investment and wealth management, including private investments and family office services [3] Leadership and Team - Cobblestone brings 42 employees, including 15 advisors, led by CEO John DiPasquale, Chief Investment Officer Jason Garlock, and Managing Director of Business Development Chris Mooney [2][4] Financial Metrics - Captrust oversees more than $847 billion in nondiscretionary assets and over $237 billion in discretionary assets [5] - The firm has the highest retirement plan assets under administration among registered investment advisors (RIAs) [6] Recent Acquisitions - Prior to the Cobblestone acquisition, Captrust acquired Carolinas Investment Consulting, which had over $1.4 billion in assets [7]