Merit Financial Adds $888 Million Advisor Tim Brennan, Lifting Commonwealth Haul Above $5.7 Billion
Updated
Updated · Wealth Management · Sep 17
Merit Financial Adds $888 Million Advisor Tim Brennan, Lifting Commonwealth Haul Above $5.7 Billion
2 articles · Updated · Wealth Management · Sep 17
Summary
Merit Financial’s 11th partnership of 2026 brings in Tim Brennan and his team, adding about $888 million in client assets and more than 1,000 households from Deerfield, Illinois.
Brennan left Pinnacle Financial Group after nearly 27 years with Commonwealth, saying Merit offered room to keep growing while shifting more of his time from running a business to developing his team.
The deal deepens Merit’s Chicago expansion, keeping Brennan’s Deerfield office and a separate $57 million Wisconsin practice in place while giving him equity in the $30.1 billion Atlanta-based RIA.
Merit said the move pushes assets recruited from Commonwealth advisors above $5.7 billion across nine transactions, as firms compete for teams ahead of LPL Financial’s planned November platform transition.