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.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
