Merit Financial Advisors Acquisition | $569M AUM
- Merit Financial Advisors, a registered investment advisory firm, has broadened its national role through the acquisition of two wealth management firms.
- AMP Wealth Management, based in Wisconsin, brings $365 million in assets to Merit.
- Jerome Mahalick, founder of AMP Wealth Management, along with Greg Mahalick, jamie Breen, and Stacey Horn, will join Merit Financial.
Merit Financial Advisors dramatically expands its role, announcing the acquisition of AMP Wealth Management adn Olympic Wealth. These strategic moves, finalized June 24, add a significant $569 million in assets under management, solidifying Merit’s position. The acquisitions extend Merit’s reach into the Pacific Northwest and Midwest, with key figures from AMP and olympic Wealth joining the team. This expansion includes new locations in Wisconsin and the Seattle-Tacoma area, broadening the firm’s expertise. Merit’s commitment to growth, supported by a minority investment in 2020, signals continued ambition in the wealth management sector. For more details, consult News Directory 3. Discover what’s next for Merit Financial Advisors.
merit Financial Expands Role with $569M Acquisitions
Updated June 27, 2025
Merit Financial Advisors, a registered investment advisory firm, has broadened its national role through the acquisition of two wealth management firms. the deals,finalized June 24,add a combined $569 million in assets under management and expand Merit’s footprint in both the Pacific Northwest and the midwest.
AMP Wealth Management, based in Wisconsin, brings $365 million in assets to Merit. The firm offers investment management and dividend stock strategies to businesses, high-net-worth individuals, and dental professionals. This acquisition marks Merit’s seventh location in wisconsin.
Jerome Mahalick, founder of AMP Wealth Management, along with Greg Mahalick, jamie Breen, and Stacey Horn, will join Merit Financial. Mahalick said the merger provides access to resources and support to better serve clients and expand their investment strategies.
Merit also acquired Olympic Wealth, located in bothell, WA, wich manages $204 million in assets. Olympic Wealth specializes in retirement planning and investment management for boeing employees and retirees in the Seattle-Tacoma area. Eric Cumley,founder of Olympic Wealth,and Sarah Lominick will transition to Merit Financial as part of the acquisition.
Thes acquisitions represent Merit’s 38th and 39th as receiving a minority investment from Wealth Partners Capital group and HGGC’s Aspire Holdings platform in 2020. Financial details of the transactions were not disclosed.
In February, Merit Financial Advisors acquired Hershey Wealth Advisors, LLC, based in Pennsylvania.
What’s next
Merit Financial Advisors is expected to continue seeking strategic acquisitions to further expand its national presence and enhance its service offerings in the wealth management sector.