Constellation Wealth Capital to acquire minority stake in Merit Financial, boosting expansion and services.

Alternative asset manager Constellation Wealth Capital (CWC) is set to acquire a minority stake in Atlanta-based RIA Merit Financial Advisors. The deal, expected to close in Q3 2025, will see Merit maintain its name and leadership. Wealth Partners Capital Group and HGGC’s Aspire Holdings platform will exit their ownership positions. Merit, with $19.94bn in assets under advisement, plans to use the partnership to boost expansion efforts and enhance its advisor platform. The investment is aligned with Merit’s goal to scale its platform and expand nationally. This partnership with CWC will enable Merit to improve client services, invest in advanced technology, and maintain its advisor and employee-owned structure. Merit CEO Rick Kent expressed confidence in CWC’s ability to help the company grow. In 2025, Merit has completed eight acquisitions, bringing its total to 40 offices across the US. Ardea Partners and William Blair advised Merit, while Goldman Sachs and legal counsel from Holland & Knight, Kirkland & Ellis, and Gibson, Dunn & Crutcher were involved in the deal. Last month, Merit acquired RCM Investments, adding $281m in assets to its portfolio.

Read more at Yahoo Finance: Constellation Wealth Capital to pick minority stake in Merit Financial