Merit Acquires RCM Investments in Utah – $281M Deal
Merit Financial Advisors has decisively entered teh Utah market, acquiring RCM Investments in a notable $281 million deal that closed on May 30, 2025. This strategic move marks Merit’s 37th acquisition since late 2020, bolstering its national footprint in wealth management. RCM’s experienced team, including Tony Riggs and Craig Riggs, will integrate seamlessly as wealth managers and partners at Merit, bringing their expertise to Merit clients. RCM Investments, known for its comprehensive services across investment management and retirement planning, perfectly complements Merit’s existing offerings. This expansion reflects Merit’s commitment to strategic growth and client-centric solutions, strengthening its position as a major player. Stay informed with News Directory 3 for the latest updates. Discover what’s next as Merit Financial Advisors continues to forge ahead.
Merit Financial Advisors Acquires RCM investments,Expands to Utah
Merit Financial Advisors,based in Atlanta,has acquired RCM Investments,a wealth management firm located in American Fork,Utah.The deal, which closed May 30, 2025, gives Merit its first office in Utah and represents its 37th acquisition since partnering with Wealth Partners Capital Group and HGGC’s Aspire Holdings platform in late 2020.
RCM Investments manages $281 million in assets, offering services such as investment management, retirement income planning, and estate and tax planning to affluent clients. Tony Riggs, Craig Riggs, Cameron Foster, and James Houston, RCM’s leadership team, will become wealth managers and partners at Merit.
Tait Lane, managing principal and partner at Merit, said RCM’s team and client relationships made them an ideal partner for entering the Utah market. He added that their vision and growth mindset align with Merit’s approach.
Merit Financial Advisors managed $15.96 billion in client assets as of March 31,2025,operating over 40 offices nationwide. The company has made several acquisitions in 2025, including Safeguard Wealth Management ($597 million in assets), Sanctuary Wealth Management and Fiduciary Services ($1.6 billion), Hershey Wealth Advisors ($233 million), Pillar Wealth Management, and Zimmermann Investment Management & planning ($739 million). Financial details of the RCM Investments transaction were not disclosed.
What’s next
With the acquisition complete, RCM Investments will leverage Merit’s resources to pursue further growth in the Utah market. Merit Financial Advisors will continue to seek strategic acquisitions to expand its national presence in wealth management and financial planning.