From Yahoo Finance: 2025-06-04 08:11:00

Merit Financial Advisors has acquired RCM Investments, adding $281m in assets and establishing its first office in Utah. RCM offers wealth management services to mass affluent and high-net-worth clients in Utah, with its four principals joining Merit as wealth managers and partners. This is Merit’s 37th acquisition since December 2020.

Tony Riggs, president of RCM, stated that partnering with Merit aligns with their commitment to personalized service and client success. Merit’s managing principal, Tait Lane, emphasized RCM’s long-term vision and focus on service and organic growth. The acquisition enhances Merit’s portfolio and provides centralised services to support RCM’s growth.

In addition to the RCM acquisition, Merit recently acquired Safeguard Wealth Management and Sanctuary Wealth Management and Fiduciary Services, expanding its assets and digital marketing capabilities. Merit, headquartered in Atlanta, operates over 40 offices in the US and manages $15.96bn in assets as of March 31, 2025.

Read more: Merit expands into Utah with acquisition of RCM Investments