Elser Financial Planning Acquires $1.1 Billion Stake in Merchants Bancorp
Elser Financial Planning has acquired a significant stake in Merchants Bancorp, valued at $1.1 billion, marking a new position for the firm. The investment represents 57.2% of Elser's 13F reportable assets under management, highlighting the firm's confidence in Merchants Bancorp's performance. The stock has risen 46.3% over the past year, outperforming the S&P 500.
Topics: institutional investment portfolio changes SEC filings stock purchases