On February 1, 2022, Merchant Investment Management, LLC announced that it had acquired a minority stake in River Wealth Advisors.
Under the terms of the transaction, Merchant Investment Management, LLC (“Merchant”) acquired a minority stake in River Wealth Advisors (“RWA”). The deal closed in September 2021. Further terms of the deal were not disclosed.
Merchant, based in New York, New York, is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management.
RWA, based in Camp Hill, Pennsylvania, is an independent, fee-only registered investment advisor that provides wealth management and retirement planning services to individuals and business retirement plans. RWA also offers investment management services for trusts and estates. RWA has approximately $1 billion in assets.
To read the press release: please click here.