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February 7, 2022

Merchant picks minority stake in Minnesota RIA

Merchant Investment Management has acquired a minority equity ownership in Minnesota-based registered investment adviser (RIA) Summit Investment Advisory Services for an undisclosed sum.

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Summit provides integrated financial and retirement income planning, investment management, estate, and tax planning services through its offices across Minnesota, Wisconsin, and Florida.

The partnership with Merchant is expected to help the firm enhance its specialised service offering focused on retirement planning while attracting ‘like-minded advisers’.

Summit president Sean McDermott said: “Merchant’s strategic M&A resources come with a partnership structure that gives us freedom of choice and lets us focus on best serving our clients and attracting more outstanding talent.”

Merchant provides growth capital, management resources, as well as strategic opportunities to its partner firm after aligning with them through long-term minority investment.

Commenting on the latest tie-up, Merchant managing partner Tim Bello said: “This is a long-term investment in the continued success and growth of Summit Investment Advisory Services, an independent registered investment adviser.

“This is a time-tested advisory firm that is already firing on all cylinders, and our partnership with Summit allows them to invest in their own business, capitalise on growth opportunities, and serve comprehensive, personalised advice to clients.”

Earlier this month, Merchant made a minority investment in River Wealth Advisors.

In December last year, the firm announced a long-term, minority stake investment in Brainvest Wealth Management in a bid to expand strategic opportunities across the US, in Latin America, Europe and Asia.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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