August 20, 2025

Merit Financial Advisors Acquires Global Wealth Advisors

News Summary

Merit Financial Advisors, a leading financial advisory firm based in Georgia, has expanded its presence in Texas by acquiring Global Wealth Advisors. This merger adds $860 million in client assets to Merit’s portfolio, bringing their total management to approximately $19.94 billion. With new offices planned in multiple Texas locations as well as Florida and Pennsylvania, the firm aims to enhance client services and operational efficiency. The acquisition reflects Merit’s strategic growth in the competitive financial landscape of Texas, benefiting clients seeking comprehensive wealth management.

Texas – Merit Financial Advisors, a financial advisory firm based in Georgia, has officially acquired Global Wealth Advisors, significantly increasing its footprint in Texas with the addition of approximately $860 million in client assets under management. The exact financial terms of the acquisition have not been disclosed.

This strategic merger will see the establishment of new offices in Lewisville, San Antonio, Angleton, Snyder, and Naples, Texas, as well as Naples, Florida, and Canonsburg, Pennsylvania. The addition of these locations will enhance Merit’s operational capabilities and provide better access to clients across a broader geographic area.

Global Wealth Advisors has primarily specialized in wealth preservation, asset protection, retirement income strategies, and estate planning. Following the acquisition, its president, Kris Maksimovich, and managing partner, Chris Powers, will transition into roles as regional directors and partners at Merit Financial Advisors. Additionally, a dedicated team of 14 advisors and support staff from Global Wealth Advisors will also join the Merit team, promoting a seamless integration of expertise and service.

The acquisition marks a significant milestone for Merit Financial Advisors, increasing its office count in Texas to seven and underscoring its commitment to expanding its presence in a critical market. The firm’s president, Kay Lynn Mayhue, highlighted the meaningful nature of the partnership, referencing a long-standing professional relationship with Maksimovich that has been built on shared values of client service and integrity.

The integration of Global Wealth Advisors into Merit Financial Advisors is expected to enhance operational support and grant access to a more comprehensive wealth management platform. This acquisition represents the 41st strategic move for Merit Financial Advisors in just over four years, showcasing the firm’s aggressive growth strategy in the financial advisory sector.

Prior to this acquisition, Merit Financial Advisors increased its assets under management by acquiring Second Half Financial Partners, which added $225 million, and RCM Investments, which contributed an additional $281 million. As of June 30, 2025, Merit manages approximately $19.94 billion in assets, signifying its status as a major player in the financial services industry.

The decision by Global Wealth Advisors to partner with Merit was influenced by recent developments at their broker-dealer, aimed at enhancing service delivery for clients while offering stronger support for their advisors. This merger not only enriches the services provided by Merit but also brings a new level of expertise and client-focused strategies that align with their long-term growth and service goals.

This acquisition underscores the ongoing trend of consolidation in the financial advisory sector, as firms seek to broaden their service offerings and client bases. As the financial landscape continues to evolve, partnerships like this one are likely to become more common, allowing firms to leverage combined strengths in service and operational capability.

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