Merit Financial Advisors Acquires $1.1 Billion Moldenhauer & Associates, Expanding Presence in Western New York
Merit Financial Advisors has acquired Moldenhauer & Associates, a Buffalo-area wealth management firm with approximately $1.1 billion in client assets and serving nearly 1,900 households. This acquisition marks Merit's twelfth partnership of the year and its tenth former Commonwealth team to join since becoming one of the most active growth firms in the industry. Moldenhauer & Associates was founded by Richard Moldenhauer and led for over two decades by his son Brett, who has driven organic growth through client referrals. The firm is on track to add $100 million in new assets this year alone. By joining Merit, the team aims to leverage its infrastructure support—particularly in marketing, HR, technology, and operations—to focus more on clients and future expansion. Merit now manages over $32.9 billion across 70 offices nationwide after completing 63 acquisitions. Brett Moldenhauer emphasized that former Commonwealth advisors' trust in Merit influenced his decision to partner with the firm.
Topics: Business expansion Company acquisition Financial advisory Wealth management