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Cornerstone Capital Advisors, a retirement planning and investment management firm based in Green, has been acquired by Raleigh, N.C.-based CAPTRUST Financial Advisors, a wealth management and retirement plan advisory firm.

In addition to Cornerstone, CAPTRUST also acquired McQueen, Ball & Associates, a wealth management and financial planning firm located in Bethlehem, Pa. The two transactions bring more than $2 billion of client assets to CAPTRUST and expand the firm's presence in Northeast Ohio and Pennsylvania.

Cornerstone Capital Advisors, led by Mario Giganti, oversees $770 million in client assets.

Earlier in 2019, CAPTRUST brought in three partners from Atlanta-based FiduciaryVest who advise on more than $13 billion in institutional assets. This rapid growth comes after a strong 2018 for CAPTRUST that saw 21.5 percent revenue growth and $65 billion in new client assets. The firm now has more than 200 advisers across 43 locations and advises on more than $300 billion in client assets across its wealth management, retirement plan, and endowment and foundation lines of business.