Merit Financial Acquires $888M Advisory Practice from Tim Brennan
Merit Financial Advisors, an Atlanta-based registered investment advisor with $30.1 billion in assets under management (AUM), has acquired the advisory practice of Tim Brennan and his team, which oversees approximately $888 million in client assets. This marks Merit's 62nd acquisition to date and its 11th partnership in 2026. Brennan’s firm is based in Deerfield, Illinois, where it serves over 1,000 households. He previously co-founded Pinnacle Financial Group under the Commonwealth Financial Network after nearly three decades with that organization. The addition of Brennan's team expands Merit's presence in Chicago, following its acquisition of Blueprint Wealth Advisors last year to establish a foothold there. David Wahlen from Merit highlighted Brennan’s leadership and client-focused approach as key factors for this partnership. The transaction also includes an advisory practice based in Wisconsin with $57 million under management. Merit has been actively recruiting Commonwealth advisors, having previously acquired teams overseeing over $900 million in Southern California earlier this year. This acquisition brings the total assets from Commonwealth transitions to Merit above $5.7 billion across nine deals.
Topics: Advisor Acquisition Firm Expansion Wealth Management