An RIA M&A juggernaut switches CEOs
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This Week in Wealth breaks down the C-suite shuffle at Merit Financial Advisors, a $32bn Georgia-based RIA that has become one of the most acquisitive firms in the market.
At the end of a year in which the firm will have completed 15 deals, Merit’s founder and chief executive Rick Kent will move to be executive chairman, with current president Kay Lynn Mayhue becoming chief executive. Alongside the executive changes, the firm has also secured fresh investment from minority owner Constellation Wealth Capital. Alec Rich joins the pod to explain what’s happening and why.
The team also discusses Savvy Wealth’s launch of a custodial infrastructure platform to third-party RIAs and looks ahead to Citywire RIA’s inaugural CEO Summit in Austin next week.
At the end of a year in which the firm will have completed 15 deals, Merit’s founder and chief executive Rick Kent will move to be executive chairman, with current president Kay Lynn Mayhue becoming chief executive. Alongside the executive changes, the firm has also secured fresh investment from minority owner Constellation Wealth Capital. Alec Rich joins the pod to explain what’s happening and why.
The team also discusses Savvy Wealth’s launch of a custodial infrastructure platform to third-party RIAs and looks ahead to Citywire RIA’s inaugural CEO Summit in Austin next week.
