On July 7, 2025, Merit Financial Advisors announced its sale of a minority stake to Constellation Wealth Capital.
Merit Financial Advisors (“Merit”) announced on, July 7, 2025, its sale of a minority stake to Constellation Wealth Capital (“Constellation”). Under the terms of the deal, Merit’s previous strategic investors will be exiting their positions. 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. Merit has approximately $19.94 billion in client assets, including $14.06 billion in advisory, $2.6 billion in brokerage assets and $3.28 billion in retirement plan and ESOP assets. Ardea Partners LP served as lead financial advisor to Merit.
Constellation, based in Chicago, is a registered investment advisor and alternative asset management platform dedicated to the wealth management sector. As of May 2025, Constellation had approximately $1.26 billion in assets under management.
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