GlobalData
2 min read
RIA aggregator Merit Financial Advisors has acquired RCM Investments, establishing its first office in Utah.
The acquisition adds $281m in assets to Merit’s portfolio. Financial details of the transaction were not shared.
RCM Investments, based in American Fork, Utah, provides comprehensive wealth management services, including investment management, retirement income planning, insurance analysis, and estate and tax planning.
The firm, which serves mass affluent and high-net-worth clients across Utah, will benefit from Merit’s centralised services and back-office support to pursue organic growth.
RCM’s four principals, Tony Riggs, president and chief investment officer, Craig Riggs, partner and executive VP, Cameron Foster, partner and executive VP, and James Houston, partner and senior portfolio manager, will join Merit as wealth managers and partners.
In a statement, Tony said: “Partnering with Merit allows us to align with a larger organisation that shares our commitment to personalised service and long-term client success.”
This acquisition is Merit’s 37th since receiving a minority investment from Wealth Partners Capital Group and a group of strategic investors led by HGGC’s Aspire Holdings platform in December 2020.
Merit managing principal and partner Tait Lane said: “We were drawn to RCM's long-term vision—their principals have a 10+ year runway and a strong focus on service and organic growth.
“We're excited to support their continued success through the tools, expertise, and scale Merit brings.”
Last month, Merit acquired Safeguard Wealth Management, adding $597m in assets and enhancing its digital marketing capabilities.
In March this year, Merit acquired Sanctuary Wealth Management and Fiduciary Services (FS), adding $1.6bn in assets and supporting expansion into Idaho.
Headquartered in Atlanta, Georgia, Merit operates more than 40 offices across the US and managed $15.96bn in assets as of 31 March 2025.
It comprises $11.56bn in advisory assets, $2.49bn in brokerage assets, $1.91bn in retirement assets, and $332m in assets under advisement.
"Merit expands into Utah with acquisition of RCM Investments" was originally created and published by Private Banker International, a GlobalData owned brand.
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