On December 6, 2023, Merit Financial Advisors announced that it acquired Clearbridge Wealth Management.
Under the terms of the transaction, Merit Financial Advisors (“Merit”) has acquired ClearBridge Wealth Management (“ClearBridge”). The deal will see Clearbridge founder Preston Byers join Merit, along with ClearBridge’s client-support and operations teams. Further terms of the deal were not disclosed.
Merit, based in Atlanta, is a registered investment advisor that provides financial planning and wealth management for high-net-worth individuals and families. As of September 2023, Merit had $9 billion in assets under management.
ClearBridge, based in Atlanta, is a registered investment advisor providing financial planning and fee-based investment management for high-earning individuals, families, and owners of closely held businesses. As of September 2023, ClearBridge had $155.2 billion in assets under management.
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