On October 27, 2023, Neuberger Bergman Capital Solutions announced a strategic investment in Merit Financial Advisors.
Under the terms of the transaction, Neuberger Bergman Capital Solutions (“NB Capital”) has made a minority preferred equity investment in Merit Financial Advisors (“Merit”). Financial terms of the deal were not disclosed.
NB Capital, based in New York, is a private, independent, employee-owned investment management firm. As of September 2023, NB Capital had $439 billion in assets under management.
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 August 2023, Merit had $9 billion in assets under management.
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