Enrollment Specialist

Captrust acquires Long Island firms, adds $1.2B assets. Captrust Financial Advisors, a registered investment advisor based in Raleigh, North Carolina, with $1.3 trillion in assets under advisement, has completed the acquisition of two Long Island firms: Compass Advisors and Long Island Wealth Management. The combined transaction brings $1.2 billion in client assets and seven professionals under Captrust's umbrella. Acquisition details. Compass Advisors, established in 2013 by Michael Cuneo and Lauren King, focuses on both institutional and wealth markets, managing approximately $300 million in retirement plan advisory assets. Long Island Wealth Management, founded in 2006 by Jeff Myers, specializes in serving high-net-worth and ultra-high-net-worth clients through financial planning services. The two firms collaborated since 2018, with Myers serving as Compass's chief investment officer and providing financial planning expertise, while Compass supported Myers with retirement plan services for business owners. The firms will merge upon integration into Captrust. King emphasized that partnering with Captrust allows them to focus on their core strength: client service. "We 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," King said. "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." Due diligence and partnership rationale. Myers and his team evaluated around a dozen potential partners before selecting Captrust. They were drawn to the firm's founder-led culture and robust client resources. Employee ownership was a key factor, with 68% of Captrust employees, or approximately 1,300 individuals, holding shares. This structure aligns with the collaborative ethos that has defined the long-standing partnership between the three founders. Mike Wunderli, managing director and head of mergers and acquisitions at Captrust, noted that the acquisition enhances the firm's presence in New York. The new hires will join Captrust's existing team in Lake Success, increasing the total headcount to 25 employees, including 14 advisors. Their expertise in serving business owners, high-net-worth families, and retirement advisory complements Captrust's existing services. Captrust's M&A activity. Wunderli highlighted that the acquisition reflects Captrust's approach to mergers, which prioritizes people and culture. "When we think about M&A at Captrust, it starts and ends with the people," Wunderli said. "And 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." Captrust has announced six deals so far this year, including Meritage Portfolio Management ($2.4 billion in assets), Stillwater Capital Advisors ($1.25 billion), Alpha Cubed Investments ($3.8 billion), Suncoast Prosperity ($830 million), the Compass/Long Island Wealth Management acquisition ($1.2 billion), and a Tampa Bay-based team from Truist Bank with about $1.2 billion in assets.

CapTrust Wealth Advisors opens downtown Grand Rapids office. CapTrust Wealth Advisors Sep 21, 2026, 09:05 ET CapTrust Wealth Advisors is opening a permanent office in downtown Grand Rapids this September, at Lyon and Monroe, expanding the nearly 30-year-old firm's regional presence to better serve area clients. GRAND RAPIDS, Mich., Sept. 21, 2026 /PRNewswire-PRWeb/ - CapTrust Wealth Advisors announced that it is opening a permanent office in downtown Grand Rapids this September, expanding its presence regionally to better serve clients and support the firm's organic growth. The new office, conveniently located at the corner of Lyon Street and Monroe Avenue, marks the next chapter in CapTrust Wealth Advisors' nearly thirty years of serving individuals, families, and institutions throughout Michigan and across the country. "Expanding to Grand Rapids is about being closer to the people and organizations we already have the privilege to serve," said Brian VandenBrink, CEO of CapTrust Wealth Advisors. "We are grateful for those who have trusted us over the years. As we continue growing, our focus remains the same: to enrich the lives of those we serve." The downtown office will provide a convenient space for existing clients while setting the stage to build new relationships in the Grand Rapids area. "Grand Rapids is such a vibrant community, and our team is excited to become engrained in the community here," said Scott DeMaagd, CIO and Partner at CapTrust Wealth Advisors. "We know that proximity and hospitality matter. This office provides us with an opportunity to collaborate in a more personal and accessible way." In addition to serving clients, the office will host educational events, professional gatherings, and meetings with community partners, further strengthening the firm's presence. About CapTrust Wealth Advisors Founded in 1997 in Holland, Michigan, CapTrust Wealth Advisors has organically grown from its local roots to serve clients and institutions across the nation. With over $2 billion in assets under management, the firm was recently recognized on the CNBC Financial Advisor 100 List. Their personalized private wealth and institutional consulting services cover wealth planning, investment management, and life guidance and legacy planning. The firm has developed an industry-leading reputation for offering advanced tax strategies, private investment opportunities, and a holistic approach to wealth that honors family dynamics, values, faith commitments, and community impact. Well Done, LLC ("CapTrust Wealth Advisors") was named on CNBC's Financial Advisor 100: Best financial advisors, top firms for 2025 (the "Ranking") on October 1, 2025. The Ranking was created and tabulated by AccuPoint Solutions and CNBC based on the time period of January 1, 2025 through October 1, 2025. The Ranking was created to recognize the country's best financial advisors and top financial advisory firms. To create the Ranking, AccuPoint Solutions first analyzes core data points from its proprietary database of registered investment advisors, as well as the U.S. Securities and Exchange Commission's regulatory database. CNBC then sends an extensive email survey to all those firms that meet the initial criteria to gather more details about their practice. AccuPoint Solutions then applies CNBC's proprietary weighted criteria to refine the list and rank the firms. CNBC's proprietary weighted criteria includes but is not limited to things such as the advisory firm's regulatory/compliance record, number of years in the business, number of certified financial planners and total assets under management. Please click HERE for further details regarding the methodology. Neither CapTrust Wealth Advisors nor its financial advisors directly or indirectly compensate AccuPoint Solutions or CNBC in exchange for the ranking itself or the rights to advertise the ranking. Media Contact Brian VandenBrink, CapTrust Wealth Advisors, 1 (616) 392-5332, [email protected], ctwealth.com SOURCE CapTrust Wealth Advisors