Merit Financial Advisors Buys $900 Million Bridgeway Group, Lifting Reach in Southern California
Updated
Updated · PLANADVISER · Aug 12
Merit Financial Advisors Buys $900 Million Bridgeway Group, Lifting Reach in Southern California
3 articles · Updated · PLANADVISER · Aug 12
Summary
Bridgeway Group closed its sale to Merit on July 31 and has already rebranded as Merit Financial Advisors, bringing its Pasadena- and Covina-based wealth business under the Atlanta firm's name.
The acquired firm oversees $900 million in assets and has a nine-person team focused on financial planning, investment management and retirement planning; all employees are joining Merit.
Matt Dupon and Sean Montgomery will become wealth manager and partner at Merit, while Scott Miller will take the roles of area director, wealth manager and partner.
Merit managed $30.1 billion in assets as of July 20, including $22.98 billion in advisory assets, as it continues expanding through acquisitions.