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RIA Mission Wealth Merges with $110M Murphy Capital Advisors

RIA Mission Wealth Merges with $110M Murphy Capital Advisors

Registered investment advisor (RIA) Mission Wealth has merged with $110 million Murphy Capital Advisors, bringing the RIA’s assets under management to $5.3 billion.

Based in Goodyear, AZ and founded by Matt Murphy, CFP®, Murphy Capital’s client base is largely throughout Arizona as well as Illinois.

“I knew that merging with Mission Wealth would be the Fiduciary and the right thing to do to help my clients and to continue to grow. I am so happy to have found Mission Wealth as a partner and I look forward to our continued success,” said Murphy.

“We know Matt will fit very well at Mission Wealth with the way we have been serving clients for over two decades. We look forward to the future with Matt as a part of our team,” added Mission Wealth President Dannell Stuart.

Mission Wealth offers financial planning, investment counsel, tax strategies, estate planning coordination, philanthropic advice and asset protection solutions for clients.

The latest merger for the RIA follows the merger in October 2022 with Green Valley Wealth Management, an investment firm that operates out of Greensboro, NC and oversees approximately $90 million in assets under management.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.