Stansberry spinoff Meristead Wealth debuts as national RIA near $1.4B AUM

A Texas-based registered investment advisor formerly known as Stansberry Asset Management has relaunched under a new identity, positioning itself for the next stage of growth a decade after its founding.

Meristead Wealth, based in Westlake, Texas, went live under its new name last week, marking what CEO Chris DeLaura described as a deliberate evolution rather than a wholesale reinvention.

The firm manages close to $1.4 billion in assets for more than 1,000 clients spread across all 50 states - a footprint built steadily since the firm's 2016 launch serving self-directed investors who wanted to hand off portfolio management without abandoning an active, research-driven investment philosophy.

"Meristead Wealth represents the next chapter for our firm," DeLaura said. "Investment management has always been at the core of what we do, and over the years, we've built on that foundation by combining our active investment approach with comprehensive financial planning. This new name better reflects the full scope of how we serve our clients as their families build, protect, and navigate their wealth."

The rebrand is the latest in a string of identity changes across the independent advisory landscape, as firms that built their reputations around investment management increasingly reposition themselves as full-service wealth planning practices. Other firms have followed a similar arc with rebrands signaling a shift in competitive strategy as much as a change in name.

From portfolio management to wealth planning

The firm's service offering has expanded well beyond its original investment-management mandate. Meristead now runs 10 in-house investment strategies overseen by an internal investment committee, while dedicated wealth managers handle retirement planning, tax strategies, estate planning, charitable giving, business succession, and multigenerational wealth transfer. The firm holds offices in Texas, New York, California, and Washington.

The name itself carries deliberate meaning. Meristead draws from "meristem" - the growth center of a tree's root system - and "steadfast," a reference to reliability. Together, the firm says, the two concepts reflect its belief that durable wealth requires both growth and stability.

Importantly, the firm is at pains to distinguish a name change from a structural one. The management team, investment philosophy, and client relationships remain unchanged from the Stansberry Asset Management era. The SEC registration number (file 801-107061) carries over to the new entity.