Lakeside Wealth Management, a Chesterton, Ind.-based firm with 27 employees and $1.6 million in assets under advisement, has joined CAPTRUST Financial Advisors, according to a news release.

Founded in 2002 by CEO Mark Chamberlain, Lakeside also is led by Tim Rice, president, and senior leaders Chip Mang and Timothy VerSchure, who will all be joining CAPTRUST as principals.

Lakeside, which will take on the CAPTRUST name and brand, provides retirement plan design, investment management and participant education for institutions and provides financial planning, retirement goal setting and legacy planning for wealth management clients.

“During our diligence process, it occurred to us that because of our business mix, ensemble structure, and culture, we may have been looking for a unicorn. Then CAPTRUST came along,” Chamberlain said in a statement. He said by aligning with CAPTRUST, they are confident that their clients will benefit from the added resources of a national firm, and they are excited about continuing to grow as part of the CAPTRUST brand.

Rick Shoff, a managing director in CAPTRUST’s Advisor Group, said Lakeside Wealth Management is an ideal fit for CAPTRUST, not only because of the alignment across their lines of business, but also because they prioritize giving back to their community. “Despite these unprecedented times, we are continuing on our trajectory of strong organic and inorganic growth,” he said.

Lakeside, according to the release, has volunteered more than 20,000 hours and received 43 accolades for its efforts, including being named to the 2019 Invest in Others Charitable Champions List. The Lakeside team members will now be able to work with the CAPTRUST Community Foundation, CAPTRUST’s employee-run nonprofit that seeks to enrich the lives of children in the communities they serve.

Since 2006, Raleigh, N.C.-based CAPTRUST has added 41 firms across the country to build out the RIA's wealth management and institutional practices. With the addition of Lakeside, CAPTRUST now has 700 employees nationwide and $390 billion in client assets under advisement.