Merchant Acquires Minority Stake in Argos

INVESTMENT MANAGEMENT DEALS BLOG

June 6, 2022

On May 2, 2022, Merchant Investment Management, LLC announced that it had acquired a minority stake in Argos Wealth Advisors.

Under the terms of the transaction, Merchant Investment Management, LLC (“Merchant”) acquired a minority stake in Argos Wealth Advisors (“Argos”). Merchant’s stake will be approximately 25%. Further terms of the deal were not disclosed.

Merchant, based in New York, is a private partnership providing growth capital and management resources to independent financial services companies, particularly those focused on wealth and asset management.

Argos, based in Napa, California, is a registered investment advisor. As of October of 2021, Argos had approximately $839 million in assets under management.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.