Sponsored by Schwab Advisor Services
A small, but growing, number of influential independent advisory firms are on the fast track to becoming truly national wealth managers. M&A has been a tool that has allowed regional firms to expand their footprints, and Merit Financial Advisors is perhaps one of the industry’s best examples of how strategic M&A can be transformational—and ultimately lead to accelerated growth.
In this episode of RIA Edge, Mark Bruno, managing director at Informa Wealth Management, speaks with Kay Lynn Mayhue, CFP, AEP, RFC, president of Merit Financial Advisors, about her firm’s rapid growth in recent years.
Kay Lynn offers a look under the hood at some of Merit’s recent acquisitions, while also providing more detail on the strategic partnership the firm formed with Wealth Partners Capital Group and a group of private investors led by HGGC.
Specifically, Mark and Kay Lynn discuss:
- Merit’s growth trajectory and plan to reach $10 billion in AUM
- How Merit evaluates acquisition targets and opportunities
- How Merit’s organizational structure is evolving to facilitate future growth
- Insights into Merit’s 2022 pipeline and future M&A strategy