Merit Financial Advisors, a Georgia-based financial advisory firm, has acquired GlennCo, a Newtown-based wealth management firm, adding around $208 million in total assets.
The move strengthens Merit’s presence in Bucks County and is its seventh office in Pennsylvania.
In the last three years, GlennCo has expanded significantly, increasing both its wealth-advisory team and its office space, and appears positioned to be able to sustain that growth.
By joining Merit, the Bucks County firm gains access to expanded expertise, advanced technological resources, and a broad suite of client solutions designed to accelerate its next phase of growth.
At the same time, Merit adds a thriving practice recognized for strong client relationships and comprehensive financial guidance encompassing tax planning, retirement strategies, estate planning, risk management, and business financial services.
“GlennCo has built a thriving practice over the last 20 years,” said Merit Regional Director and Partner Ryan Evans. “Their growth, commitment to objective planning, and client-first approach make them an excellent fit for Merit as we expand our presence in the Newtown area.”
With GlennCo, Merit completes its fifty-fifth acquisition. Most recently, the firm acquired TL Financial Group, adding approximately $213 million in total assets and establishing a presence in the Michigan market.
Learn more about the acquisition of Newtown’s GlennCo management firm by the Georgia firm at Merit Financial Advisors.
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