Merit Financial Advisors Acquires Sanctuary Wealth Management and Fiduciary Services
March 19, 2025
Merit Financial Advisors has acquired Sanctuary Wealth Management, LLC and its subsidiary Fiduciary Services, LLC, expanding Merit's presence into Idaho and adding approximately $1.6 billion in assets. The deal brings Sanctuary's wealth management and ESOP/fiduciary capabilities onto Merit's platform; the three firm owners will join Merit as wealth managers.
- Buyers
- Merit Financial Advisors
- Targets
- Sanctuary Wealth Management, LLC, Fiduciary Services, LLC
- Sellers
- Brett Robison, Gene Clay Esplin, Joel Phillips
- Platforms
- Merit Financial Advisors
- Industry
- Wealth Management
- Location
- Idaho, United States
- Transaction Type
- Addon
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