Merit Financial Advisors Acquires $1.1 Billion Moldenhauer & Associates

Merit Financial Advisors, a Georgia-based financial advisory firm, has acquired Moldenhauer & Associates, a Buffalo-area firm with $1.1 billion in assets under management. The acquisition strengthens Merit Financial Advisors' position in the Western New York market.

Moldenhauer & Associates is the tenth former Commonwealth team to join Merit. This acquisition is part of Merit's growth strategy aimed at ensuring continuity and expanding its geographic reach.

Merit Financial Advisors provides financial advisory services. The acquisition is expected to enhance client services and offer a broader range of solutions to clients in the Western New York region.

The terms of the deal were not disclosed. The acquisition is anticipated to solidify Merit's standing in the financial services sector.