Merchant Investment Management, a New York-based investment firm specializing in the financial services industry, has made a minority investment in Truvestments Capital, a Sarasota, Florida-based registered investment advisory firm managing $300 million. The investment, terms of which were not disclosed, ...

Toronto-based aggregator CI Financial announced the acquisition of a $5 billion RIA Tuesday, along with record fourth-quarter financial results. The $305 billion financial conglomerate, which has acquired more than $120 billion worth of U.S. wealth management assets since entering the ...

Merchant Investment Management continues to nibble away at the wealth management space with another minority ownership stake in a $1 billion registered investment adviser. The latest announcement involves Fusion Family Wealth, a Woodbury, New York-based advisory firm with long ties ...

Inspirion Wealth Advisors, a $1 billion registered investment adviser based in Libertyville, Illinois, has turned to outside capital to help drive growth and set the foundation for a next-generation growth strategy. Inspirion has sold a minority stake to Merchant Investment ...

Merchant Investment Management, a New York-based private partnership that provides growth capital and resources to independent financial services companies, has taken an undisclosed minority stake in Summit Investment Advisory Services, a Roseville, Minnesota-based registered investment advisory firm managing $490 million. ...

River Wealth Advisors, a $1 billion Harrisburg, Pennsylvania-based registered investment adviser, sold a minority ownership stake to Merchant Investment Management, an equity capital investor. The capital infusion will be applied toward a long-term growth strategy and help with the firm’s ...

Southwestern Investment Group, a $5.8 billion registered investment adviser based in Franklin, Tennessee, has taken the plunge into a private equity partnership by selling a minority stake to Merchant Investment Management. Like virtually all RIAs succumbing to the lure of ...

Registered investment adviser Summit Financial Holdings said on Monday it intended to acquire $5.1 billion in wealth management assets from a private bank, Fieldpoint Private. Once the deal closes, Summit Financial will manage about $12 billion in client assets, according ...

LPL Financial’s largest affiliated branch office, Private Advisor Group, said on Friday that Merchant Investment Management had taken a non-controlling minority stake in the firm. Merchant Investment Management is a private partnership that invests in growth companies and other opportunities. ...

The private equity push into the U.S. wealth management space is showing signs of global expansion with New York-based Merchant Investment Management’s investment in Brainvest Wealth Management, a $3 billion multi-family office with offices in the United States, Switzerland and ...