Captrust Acquires Compass Advisors and Long Island Wealth Management
What happened
On September 23, 2026, Captrust acquired Compass Advisors and Long Island Wealth Management. The deal combined seven professionals and $1.2 billion in client assets. Compass Advisors, which serves both institutional and wealth markets, was founded in 2013 by Michael Cuneo and Lauren King.
From wealthmanagement.com
Why it matters
The acquisition expands Captrust’s capabilities and client base by integrating two long-time affiliated Registered Investment Advisors. The combined firms will merge upon joining Captrust, increasing the advisory capacity in the market.
From wealthmanagement.com
Who's involved
- CaptrustThe American investment advisory company that completed the acquisition.
- CompassThe Registered Investment Advisor acquired by Captrust.
- Jeff MyersFounder of Long Island Wealth Management and former chief investment officer of Compass Advisors.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CaptrustSpeculative
Captrust could see increased revenue and client demand due to the addition of $1.2 billion in client assets.