CAPTRUST is extending its reach in Southern California as it welcomes a multibillion-dollar superteam in Southern California, while mega-RIA Mercer Advisors hires a longtime LPL leader and Mission Wealth expands with another partnership in Colorado.
CAPTRUST – which reached the $1 trillion asset mark in 2024 – continued its acquisition-driven growth by adding Alpha Cubed Investments, a Southern California wealth firm with about $3.8 billion in client assets and a team of 16 advisors.
Founded in 2011, Alpha Cubed focuses on comprehensive wealth management and planning for individuals and families, and brings 28 total professionals, including 16 advisors, to CAPTRUST.
Based in Orange County, California, with an additional office in Scottsdale, Arizona, Alpha Cubed is adopting the CAPTRUST brand after joining in January. The deal bolsters CAPTRUST’s presence in the Southwest at a time when competition for affluent households in those markets remains intense.
“From our earliest conversations, it was clear that Alpha Cubed Investments shares our commitment to putting clients at the center of every decision,” said Mike Wunderli, managing director and head of mergers and acquisitions at CAPTRUST.
He added that Alpha Cubed’s organic-growth playbook, built around advisory teams, strengthens the firm’s efficiency and scalability.
For Alpha Cubed, the move links its planning-led approach with a much larger national platform.
“Joining CAPTRUST marks an exciting next chapter for ACI,” said Chief Executive and Chief Technical Analyst Todd Walsh, who leads Alpha Cubed alongside President Tony Jabczenski.
Mercer Advisors, meanwhile, is investing in its internal machinery, appointing Lindsay O’Toole as senior vice president of investment platform operations.
O’Toole will oversee more than 90 professionals who support advisory teams serving over 39,900 families, and will work closely with Mercer’s investment committee and chief investment officer Don Calcagni.
O’Toole joins from LPL Financial, where she spent more than 17 years and most recently served as senior vice president of trading, leading trading and trading operations for about 30,000 advisors. Before that, she worked in trading operations at Merrill Lynch, giving her a background that spans wirehouse and independent broker-dealer environments.
Mercer is pitching the hire as part of a broader effort to make “institutional-grade” investing more accessible to retail clients across its $90 billion-plus platform.
“Lindsay brings a rare combination of experience scaling investment capabilities and a deeply collaborative leadership style,” said Daniel Gourvitch, president of Mercer Advisors, noting her focus on working closely with advisors and building teams “united by a shared commitment to exceptional client outcomes.”
Following its expansion in Texas last month, Mission Wealth is folding in RightPath Investments, adding a pair of advisors and deepening its presence in the Rocky Mountain region as it pursues a national expansion strategy.
The deal brings founder Steven R. Smith to Mission Wealth as a special advisor and adds longtime colleague Megan Nuttelman as a wealth advisor.
RightPath, based in Colorado, has focused on retirement planning and fiduciary advice, with an emphasis on tailoring strategies as client goals and circumstances change over time. Mission Wealth is positioning the merger as a way to plug that planning-centric approach into its broader advisory platform, while preserving existing client relationships.
The firms share a client-first framing built around planning, disciplined investment processes and ongoing collaboration between advisors and households. For Mission Wealth, the deal is also about building a pipeline of next-generation talent, as it brings in Nuttelman alongside Smith to help sustain and grow the business in Colorado.
“We are thrilled to welcome the RightPath Investments team to the Mission Wealth family,” said Matthew Adams, chief executive and managing partner of Mission Wealth. “Both firms share an unwavering fiduciary focus and a passion for helping clients pursue long-term financial confidence.”
Smith said the move is intended to scale RightPath’s capabilities without changing how clients experience the relationship.
“This partnership enables us to expand our impact while staying true to the principles that have guided RightPath from the beginning,” Smith said.
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