{"id":780058,"date":"2026-09-23T14:48:15","date_gmt":"2026-09-23T14:48:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/780058\/"},"modified":"2026-09-23T14:48:15","modified_gmt":"2026-09-23T14:48:15","slug":"captrust-adds-1-2b-in-double-deal-for-long-island-rias","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/780058\/","title":{"rendered":"Captrust Adds $1.2B in Double Deal for Long Island RIAs"},"content":{"rendered":"

Captrust Financial Advisors, a Raleigh, N.C.-based registered investment<\/a> advisor with $1.3 trillion in assets under advisement, has acquired two long-time affiliated RIAs in Melville, N.Y., with a combined seven professionals and $1.2 billion in client assets.<\/p>\n

That includes Compass Advisors, an RIA founded in 2013 by partners Michael Cuneo and Lauren King. The firm serves the institutional market, with about $300 million in retirement plan advisory assets, and the wealth market.<\/p>\n

Long Island Wealth Management is also part of the deal, an RIA founded in 2006 by Jeff Myers.<\/p>\n

While the two RIAs have operated as independent entities, they have been partnering in various ways since 2018. For instance, Myers has served as Compass\u2019s chief investment officer and has helped the RIA with financial planning for its high-net-worth and ultra-high-net-worth clients. Meanwhile, Compass supported Myers with 401(k) and retirement plans, as well as business owners.<\/p>\n

Related:Cerity Partners Adds $1.4B in Teams from Shufro Rose & Co.<\/a><\/p>\n

The two will merge upon joining Captrust.<\/p>\n

\u201cWe knew that the best way to really move forward in a very quickly changing world was to tap into a company who already had solved for many of these issues,\u201d King said. \u201cAnd in turn, we were able to focus on what Mike, Jeff and I do best, which is really servicing our clients and providing best-in-class service. And in order to do that, we felt we should partner with someone who can really help the three of us manage the practice from a back-office standpoint, but really also provide us many more resources for our clients and then growth opportunities for our employees.\u201d<\/p>\n

Myers said they evaluated about a dozen potential partner firms during due diligence, but Captrust stood out as a founder-led organization with robust resources for its clients. They were also attracted to the employee ownership throughout the organization. Some 68% of Captrust employees, about 1,300, are shareholders.<\/p>\n

Mike Wunderli, managing director and head of mergers and acquisitions at Captrust, said the firms will complement Captrust\u2019s existing location in Lake Success, N.Y., with 25 employees, including 14 advisors. Their business model also serves as a nice complement to what Captrust already does, particularly in their work with business owners, high-net-worth families, and retirement advisory.<\/p>\n

\u201cWhen we think about M&A at Captrust, it starts and ends with the people,\u201d Wunderli said. \u201cAnd we ask the same questions: Are they strong leaders? Are they culture carriers? Do they have followership from their team? Are they multipliers, and do they lift each other up? And then, especially, do they put their clients and colleagues first? Are they entrepreneurial, and do they love what they do? Mike, Lauren and Jeff personify every one of these traits.\u201d<\/p>\n

Related:Hightower Advisors Hires Vanguard Executive as New President<\/a><\/p>\n

Wunderli said Captrust has announced six deals so far this year, including Meritage Portfolio Management<\/a>, a Kansas City-based wealth manager with $2.4 billion in client assets; Stillwater Capital Advisors<\/a>, a Devon, Pa.-based RIA with $1.25 billion in client assets; Alpha Cubed Investments<\/a>, a Southern California-based advisory team with about $3.8 billion in client assets; Suncoast Prosperity<\/a>, a Tampa-based wealth manager overseeing $830 million in client assets; and a Tampa Bay-based team from Truist Bank with about $1.2 billion in assets.<\/p>\n","protected":false},"excerpt":{"rendered":"Captrust Financial Advisors, a Raleigh, N.C.-based registered investment advisor with $1.3 trillion in assets under advisement, has acquired…\n","protected":false},"author":2,"featured_media":780059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-780058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/780058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=780058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/780058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/780059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=780058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=780058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=780058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}