CAPIS Acquires the Plan Sponsor Services Business of TD Securities

Strategic acquisition strengthens CAPIS' commission recapture services

DALLAS, May 22, 2025 /PRNewswire/ -- Capital Institutional Services, Inc. (CAPIS), announced the recent acquisition from TD Securities of its Plan Sponsor Services business. Effective April 1, 2025, all existing TD Securities commission recapture programs will be administered by CAPIS. With this acquisition, CAPIS further strengthens its ability to provide commission management services to asset owners including pension funds, endowments and foundations, and mutual funds.

"We are incredibly excited about this acquisition and the opportunities it brings to build upon our legacy as a provider of commission recapture services," said David Choate, Chief Operating Officer at CAPIS. "This move reinforces our commitment to delivering exceptional service and value to institutional investors while ensuring a seamless transition for TD Securities' clients. We look forward to welcoming members of the Plan Sponsor Services team to CAPIS and continuing to provide the highest level of support for our client base."

The majority of TD Securities' Plan Sponsor Services team has joined CAPIS, meaning clients can expect a seamless transition and the same level of expertise and support they're accustomed to. TD Securities will also stay on as an executing broker in the CAPIS Global Trading Network, ensuring continuity for plan sponsors and asset managers. 

Tim Conway, formerly Managing Director of Plan Sponsor Services at TD Securities, now Director of Plan Sponsor Services at CAPIS, added: "We are pleased to join CAPIS, a firm that shares our commitment to exceptional client service and execution. This transition ensures that our Plan Sponsor Services clients continue to receive best-in-class commission recapture solutions while allowing TD Securities to remain a key broker within the CAPIS Global Trading Network."

This acquisition aligns with CAPIS' strategic vision to expand its service offerings and enhance its leadership position in commission management services. Since its founding, CAPIS has helped pioneer the commission management practice for institutional investors and is a leading provider of commission recapture solutions for sub-advised funds and plan sponsors.

About CAPIS:
CAPIS is an institutional brokerage firm based in Dallas, TX. Founded in 1977, CAPIS remains an independent broker specializing in commission management solutions for asset managers and plan sponsors. For more information, visit capis.com or email us at info@capis.com

Media Contact:
Sam Raffalli
Forefront Communications for CAPIS
sraffalli@forefrontcomms.com

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SOURCE CAPIS