Merit Financial Advisors Acquires Towson Wealth Management to Expand in Maryland
Merit Financial Advisors, a Georgia-based financial advisory firm, has acquired Towson Wealth Management, LLC based in Towson, Maryland. The acquisition expands Merit's presence into the Mid-Atlantic region and adds $502.5 million in total assets under management or administration to its platform. Towson Wealth Management serves approximately 350 client households with a focus on personal wealth management and comprehensive financial planning. CEO Kurt Wiegert will join Merit as a Partner, allowing the firm's team of advisors—particularly younger talent—to continue focusing on client service while leveraging Merit’s resources for growth. Merit emphasized that Towson Wealth Management was chosen due to its strong foundation, multi-generational advisory team, and alignment with Merit’s strategic goals. The acquisition is expected to enhance both the scale and quality of services offered by Merit in high-net-worth wealth management.
