News Summary
Merit Financial Advisors, a leading financial advisory firm based in Georgia, has expanded its presence in Texas by acquiring Global Wealth Advisors. This merger adds $860 million in client assets to Merit’s portfolio, bringing their total management to approximately $19.94 billion. With new offices planned in multiple Texas locations as well as Florida and Pennsylvania, the firm aims to enhance client services and operational efficiency. The acquisition reflects Merit’s strategic growth in the competitive financial landscape of Texas, benefiting clients seeking comprehensive wealth management.
Texas – Merit Financial Advisors, a financial advisory firm headquartered in Georgia, has successfully acquired Global Wealth Advisors in a strategic move that is set to significantly enhance its presence in Texas. Although the financial terms of the deal have not been disclosed, it is estimated that the acquisition will add approximately $860 million in client assets under Merit’s management.
This acquisition marks an important expansion for Merit Financial Advisors, which will now increase its office locations to seven in Texas. New office locations will be established in Lewisville, San Antonio, Angleton, Snyder, and Naples, Texas, along with additional sites in Naples, Florida, and Canonsburg, Pennsylvania. This growth reflects Merit’s ongoing commitment to expanding its footprint in key markets.
Global Wealth Advisors has established a reputation for focusing on critical areas such as wealth preservation, asset protection, retirement income strategies, and estate planning. As part of this merger, President Kris Maksimovich and Managing Partner Chris Powers will transition to roles as regional directors and partners at Merit. A team of 14 advisors and support staff from Global Wealth Advisors will also join Merit, further enhancing its advisory capabilities.
The integration of Global Wealth Advisors into Merit is expected to provide the former with improved operational support and direct access to Merit’s comprehensive wealth management platform. This acquisition is particularly notable, as it represents the 41st acquisition for Merit Financial Advisors in a span of four and a half years. Prior to this, Merit had acquired Second Half Financial Partners, adding $225 million in assets, and RCM Investments, which contributed $281 million.
As of June 30, 2025, Merit Financial Advisors manages approximately $19.94 billion in assets, positioning it as a significant player within the financial advisory sector. The recent acquisitions and expansion efforts reflect the firm’s aggressive growth strategy, especially in Texas, where it acknowledges a strong demand for financial advisory services.
The decision by Global Wealth Advisors to partner with Merit was driven by developments at their existing broker-dealer, aligning with Merit’s objectives to enhance service offerings for clients while providing robust support for their advisory teams. Merit’s president has highlighted the meaningful nature of this partnership, pointing out a long-standing professional relationship with Kevin Maksimovich focused on shared values of client service and integrity.
In summary, this acquisition is not only a strategic growth move for Merit Financial Advisors but also represents a substantial shift in the Texas financial advisory landscape. With the addition of Global Wealth Advisors, the firm positions itself to deliver an enhanced range of services and support, ultimately benefiting clients across the state and beyond.
Deeper Dive: News & Info About This Topic
- Private Banker International
- PR Newswire
- Financial Advisor Magazine
- Wikipedia: Financial Advisor
- Google Search: Merit Financial Advisors
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