Merit Financial Advisors Adds $1.1B Buffalo Firm in Latest Deal
Merit Financial Advisors acquires Moldenhauer & Associates, expanding its footprint in Western New York with a $1.1 billion book of business.
Merit Financial Advisors, a Georgia-based registered investment advisory firm, has acquired Moldenhauer & Associates, a long-established financial planning practice based in the Buffalo, New York area with approximately $1.1 billion in client assets, the company announced Wednesday.
The deal marks Merit's tenth acquisition of a team that previously operated under the Commonwealth Financial Network umbrella, underscoring a deliberate recruitment strategy targeting former Commonwealth-affiliated advisors as that network undergoes structural changes.
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Moldenhauer & Associates becomes Merit's latest regional expansion point in the northeastern United States, giving the Atlanta-area acquirer a direct presence in Western New York and access to an established client base the Buffalo firm has cultivated over many years. Merit has cited long-term continuity planning and succession solutions as central selling points for advisor teams considering a transition.
The acquisition fits a broader consolidation trend sweeping the independent advisory industry, where well-capitalized RIA aggregators are competing aggressively to absorb mid-size practices whose founding advisors are weighing retirement or seeking operational infrastructure they cannot build independently. For Moldenhauer & Associates clients, the move is framed as a path to sustained service continuity rather than a disruption.
Financial terms beyond the disclosed asset figure were not made public. Continue reading at All Financial Services & Investing.
