On August 25, 2022, Merit Financial Advisors announced the acquisition of Mersberger Financial Group.
Under the terms of the transaction, Merit Financial Advisors (“Merit”) has acquired Mersberger Financial Group (“Mersberger”). Mersberger co-CEOs Joshua and Zachary Mersberger will join Merit as Regional Directors. More than 20 other employees will join Merit from Mersberger, including Donald Hammond as head of Merit’s retirement plan division. Financial terms of the deal were not disclosed.
Merit, based in Atlanta, is a wealth management firm offering a range of services to individuals and businesses. As of April 30, 2022, Merit had approximately $6.1 billion in assets under management.
Mersberger, based in Sheboygan Falls, Wisconsin, is an investment management firm specializing in retirement planning services. Mersberger has approximately $830 million in assets under management.
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