By Kenneth Corbin
Captrust, a large registered investment advisory firm based in Raleigh, N.C., is expanding its presence in the West with the acquisition of Alpha Cubed Investments, or ACI, a $3.8 billion RIA with offices in California and Arizona. Captrust announced the acquisition on Wednesday but said that the deal closed in mid-January.
The deal continues a steady streak of acquisitions for Captrust, which manages more than $1 trillion in assets. Last week, it announced the acquisition of a $2.4 billion advisory practice in Kansas.
The ACI acquisition is Captrust's first deal to close in 2026. A spokeswoman says to expect at least one more announcement in the first quarter but wouldn't comment further on the pipeline.
ACI is based in Costa Mesa, in Orange County, Calif., and maintains an office in Scottsdale, Ariz. Those will both be new Captrust branches. The team of 28 includes 16 advisors.
Todd Walsh, ACI's CEO and chief technical officer, says the transaction "marks an exciting next chapter" for his firm. "We are energized by the opportunity to evolve with a firm that shares our philosophy and to continue delivering the thoughtful, high--quality advice our clients rely on and expect."
Walsh is a 39-year industry veteran who first registered as a broker with E.F. Hutton in 1986. ACI's president, Tony Jabczenski, first joined the industry as a broker with Lehman Brothers in 1992. Both would later register as investment advisors and drop their broker registrations.
ACI serves an exclusively retail client base, with nearly all assets held by high-net-worth clients, according to its most recent Form ADV regulatory filing. It was founded in 2011 with a service model focused on holistic wealth management and financial planning for individuals and families.
Captrust has a sizable retail business that manages more than $74 billion on behalf of individuals, according to its most-recent Form ADV. The vast majority of the assets it manages, however, belong to institutional clients including pension and profit-sharing plans, charitable organizations, state and municipal governments, and insurance companies.
Mike Wunderli, managing director and head of mergers and acquisitions at Captrust, lauded ACI's client-centric and team-driven approach to wealth management.
"ACI brings a differentiated, organic growth strategy built around highly effective advisory teams," he says. "That model strengthens efficiency, scalability, and the overall client experience."
Write to advisor.editors@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 12, 2026 16:37 ET (21:37 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.