CAPTRUST, an independent investment advisor company, announced the purchase of Boston Advisors’ Private Advisory Group in a statement Wednesday.

The transaction adds 15 people and more than $1.5 billion of wealth management client assets to CAPTRUST.

With the addition of the Boston Advisors team, CAPTRUST now has 234 advisors across 48 locations. The company oversees more than $340 billion of assets, including wealth management assets of almost $17 billion.

The deal will boost Boston Advisors’ ability to grow in Boston and the New England region, the company said in a press release.

Boston Advisors’ President and Chief Investment Officer Michael Vogelzang leads the Private Advisory Group and will join CAPTRUST in the deal. After the transition, he will assume a senior leadership position in CAPTRUST’s Consulting Research Group.

“Mike and the rest of the Boston Advisors’ Private Advisory Group are top-notch talent who will fit right in and contribute immediately,” said CAPTRUST CEO J. Fielding Miller. “I am looking forward to seeing what they will accomplish in the coming years.”