“Merit’s advancement targets are centered on our motivation to providing additional abilities, abilities and entry for our clients,” said Kay Lynn Mayhue, President of Merit. “The partnership with Tyler, Tim, and the Biltmore and Stone Creek groups exemplifies this. Having recognised Tyler for over 20 decades, I have watched him create an remarkable business and group. This merger is bringing a tremendous quantity of expertise and an fully new business line to Advantage, and we are extremely fired up to welcome the Biltmore and Stone Creek groups to the organization.”
Vernon extra: “As we glimpse to the upcoming, we have a distinct eye towards progress and boosting our choices for our customers. The partnership with Benefit will propel this mission, allowing us to serve a wider shopper base with our consulting company and proprietary expense administration procedures, though positioning us for potential development possibilities.”
This is Merit’s 3rd partnership announcement since using a minority financial commitment in December 2020 from Prosperity Associates Funds Group (“WPCG”) and a team of strategic investors led by HGGC. In 2021, Benefit declared its acquisitions of Consilium Monetary Group dependent in Roswell, Georgia, and the organization of Brian Fisher, an Arlington, Texas-based impartial practitioner. These investments help Merit’s goals of aligning with like-minded advisors and teams, bolstering its advancement in existing geographies, and setting up a country-huge presence.
“Like all substantial-growth prosperity administration corporations, Merit is dependent very first and foremost on expertise,” stated Abundant Gill, Senior Companion of WPCG. “We could not be much more thrilled for the blend of Biltmore, Stone Creek, and Advantage, which will harness the exceptional abilities of the mixed groups and give them access to the expanded services and scale of Merit. We perspective this partnership as an vital move on the street to Advantage getting to be the major hybrid advisory agency in the place.”
The merger was finalized on December 31, 2021 and provides $557 million in property below management, collectively with consulting solutions on an further $1.6 billion in assets. Financial and authorized terms of the offer were being not disclosed.
About Benefit Financial Advisors
Advantage Financial Group, LLC, accomplishing business enterprise as Advantage Financial Advisors (“Advantage”), is a national prosperity management organization that supports each the unbiased broker-supplier and RIA types. Based in Atlanta, Georgia, Merit has 25 offices through the U.S. and managed $5.59 billion in assets as of September 30, 2021 ($3.53 billion in advisory, $1.95 billion in brokerage belongings and with $112 million in assets underneath advisement).
Merit’s mission is to establish and exceed the financial ambitions of its consumers, though also supplying its advisors and workplaces with exercise administration sources, an industry leading know-how platform and the financial commitment abilities required to drive progress and produce a remarkable customer knowledge.
For far more facts, remember to stop by www.meritfinancialadvisors.com.
Expenditure tips offered by means of Merit Financial Team, LLC, an SEC-registered investment advisor.
About Prosperity Associates Money Group
Prosperity Companions Capital Team (“WPCG”) is a economic solutions holding firm, which has partnered with Benefit Fiscal Advisors (“Advantage”). WPCG supports Merit by identifying and integrating like-minded registered expense advisers and economical advisers who are trying to get access to expanded enterprise abilities, strategic expansion and custom-made changeover methods. For a lot more facts, you should pay a visit to www.wealthpcg.com.
HGGC is a major center-market financial commitment agency primarily based in Palo Alto, Calif. with over $5.6 billion in cumulative capital commitments. HGGC is targeted on partnerships with administration groups, founders and sponsors who reinvest alongside HGGC, generating a strong alignment of passions. Considering the fact that its inception in 2007, HGGC has invested in a range of alternatives, which include individuals in monetary services and prosperity administration. Additional facts is offered at hggc.com.
Source Merit Economical Advisors