Merit Financial Advisors has secured another round of capital investment, selling a stake to fund manager Neuberger Berman.
The cash infusion will help Merit, which has $9 billion in assets under management, finance more purchases of registered investment advisor firms, continuing its role as an aggressive acquirer. Latham & Watkins, which represented Neuberger Berman Capital Solutions in the deal, said the cash infusion intended to “fund a series of accretive mergers and acquisitions.”
It’s…
Read the full article here
