On June 26, 2025, Merit Financial Advisors announced its acquisition of AMP Wealth Management.
Merit Financial Advisors (“Merit”) announced on, June 26, 2025, its acquisition of AMP Wealth Management (“AMP”). Under the terms of the deal, which closed on June 24, 2025, AMP’s existing team, including its founder, Jerome Mahalick, will join Merit. Further terms of the deal were not disclosed.
Merit, based in Atlanta, is a hybrid registered investment advisor that provides financial planning and wealth management for high-net-worth individuals and families. As of March 2025, Merit had approximately $15.96 billion in client assets, including $11.56 billion in advisory, $2.49 billion in brokerage assets and $332 million in assets under advisement.
AMP, headquartered in Whitefish Bay, Wisconsin, is a boutique investment management firm specializing in individualized dividend-focused strategies and long-term financial planning. AMP manages approximately $365 million in client assets.
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