Captrust Acquires Two Long Island RIAs, Adding $1.2 Billion in Assets
Captrust Financial Advisors has acquired two affiliated registered investment advisors (RIAs) on Long Island—Compass Advisors and Long Island Wealth Management—for a combined total of $1.2 billion in client assets. The deal includes Compass Advisors, founded by Michael Cuneo and Lauren King, which focuses on institutional markets and wealth management, as well as Long Island Wealth Management, led by Jeff Myers since 2006. Both firms have collaborated closely since 2018 but will now merge under Captrust's umbrella to leverage its resources for client service and growth. The acquisition aligns with Captrust’s strategy of expanding through strategic M&A while maintaining a focus on strong leadership, culture, and client-first values. The two RIAs complement Captrust’s existing Lake Success office in New York and enhance the firm’s capabilities in serving business owners, high-net-worth families, and retirement advisory clients. This is one of six acquisitions announced by Captrust this year.
