Houlihan Lokey Advises Meritage Portfolio Management

Houlihan Lokey is pleased to announce that Meritage Portfolio Management (Meritage), an independent registered investment advisor (RIA) with $2.4 billion in assets under management (AUM), has been acquired by CAPTRUST Financial Advisors (CAPTRUST), one of the nation’s largest independent wealth management firms. The transaction closed in December 2025.

Headquartered in Overland Park, Kansas, Meritage provides wealth management services to high-net-worth individuals, as well as retirement plan and endowment and foundation investment management. Led by President and Co-Chief Investment Officer Mark Eveans and Principal Jim Klein, Meritage has $2.4 billion in client assets.

CAPTRUST provides independent, client-first financial advice and investment management services to individuals, endowments, foundations, nonprofit organizations, retirement plan sponsors, and their employees. For individuals, the firm focuses on holistic financial planning and wealth management, plus concierge services for those with ultra-high net worth. For institutions, CAPTRUST also offers outsourced chief investment officer (OCIO) services, fiduciary support, plan design and provider analysis, fee benchmarking, and financial wellness programs.

“By joining CAPTRUST, we are positioning ourselves for long-term success,” said Mr. Eveans. “This strategic step gives our team access to a broader network of resources and support that will help us create new opportunities for both our clients and colleagues.”

“Meritage has a unique perspective and proven expertise that complements our capabilities,” said Nick Blasi, Principal and Midwest Regional Leader at CAPTRUST. “Kansas City has become a key growth market for CAPTRUST, and Meritage’s reputation for thoughtful, trusted client relationships adds tremendous value as we continue to expand. This addition strengthens our ability to serve clients locally while supporting our long-term national growth.”

Houlihan Lokey acted as the exclusive financial advisor to Meritage.

RELATED: Asset and Wealth Management, Mergers & Acquisitions