Merit acquires $830 million Wisconsin team
Mersberger Financial Group will form the base of Merit’s new retirement plan business.
Merit Financial Advisors, an Atlanta-based wealth manager and super OSJ, has acquired Mersberger Financial Group, which manages $830 million and advises on $489 million in retirement assets from offices in Sheboygan Falls and Appleton, Wisconsin.
The firm’s co-CEOs and co-COOs, Joshua and Zachary Mersberger, will become regional directors of Merit. More than 20 employees will make the move with them.
One Mersberger employee, Donald Hammond, will lead Merit’s new retirement plan division, which takes over that part of the Mersberger business.
Financial and legal terms of the deal were not disclosed.
[More: Recruiting slowed in the first half while M&A soared]
Lower end of RIA M&A market still offers ‘good value’
Learn more about reprints and licensing for this article.
