ATLANTA —December 20, 2023 — Merit Financial Advisors (“Merit”), a Georgia-based financial advisory firm that specializes in financial planning and wealth management solutions for high-net-worth individuals and families and those navigating life transitions, announced today it has acquired EJS Wealth Management, LLC (“EJS”). The firm, based in Colorado Springs, CO, will expand Merit’s existing presence in the region and increase Merit’s assets by $64 Million.
Founded by Eric Swierczek, EJS specializes in investment management, financial planning, and insurance. Eric has assisted clients in both the individual and corporate planning sectors for more than three decades.
“The financial planning profession is all about long-term goals and joining with Merit – a team of experienced and like-minded professionals – is the best way to continue EJS’ legacy,” said Eric. “I’m looking forward to providing my clients with access to a broader team of like-minded professionals who have the clients’ best interests at heart.”
This is Merit’s twenty-third acquisition since taking a minority investment in December 2020 from Wealth Partners Capital Group (“WPCG”) and a group of strategic investors led by HGGC’s Aspire Holdings platform. Earlier this month, Merit announced its acquisition of ClearBridge Wealth Management, which added approximately $300 million in assets and expanded Merit’s presence in Georgia.
“We are thrilled to welcome EJS to the Merit team,” said Kate Redden, Regional Director and Partner at Merit Financial Advisors. “We are looking forward to broadening Merit’s Colorado footprint and providing EJS’ clients with an even more comprehensive level of service, now and in the years ahead.”
The merger was finalized on December 15, 2023. Financial and legal terms of the deal were not disclosed.
About Merit Financial Advisors
Merit Financial Group, LLC, doing business as Merit Financial Advisors (“Merit”), is a national wealth management firm that supports both the independent broker-dealer and RIA models. Merit exists to enrich the lives of those they serve, and its mission is to revolutionize the client experience by building the RIA of the future. Based in Atlanta, Georgia, Merit has over 40 offices throughout the U.S. and managed approximately $9 billion in assets as of September 30, 2023 ($6.4 billion in advisory, $2.36 billion in brokerage assets and $197 million in assets under advisement). For more information, please visit www.meritfinancialadvisors.com. Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Merit
Financial Group, LLC, an SEC-registered investment adviser. Merit Financial Group, LLC, Merit, Merit Financial Advisors are separate entities from LPL Financial.
About Wealth Partners Capital Group
Wealth Partners Capital Group (“WPCG”) is a financial services holding company, which invests in and partners with select leading wealth management firms. WPCG assists its partner firms by identifying and integrating like-minded registered investment advisors and financial advisors who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. For more information, please visit www.wealthpcg.com.
HGGC is a leading middle-market investment firm based in Palo Alto, Calif. with over $6.9 billion in cumulative capital commitments. HGGC is focused on partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. HGGC makes investments in RIAs via its Aspire Holdings platform, which is targeting $300 million of total investment in the space. More information is available at hggc.com.