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February 2, 2022

Merchant invests in River Wealth Advisors to drive its growth

Merchant, which offers growth capital to independent financial services firms, has made a minority investment in River Wealth Advisors (RWA) as part of a partnership with the firm.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

An independent RIA in Central Pennsylvania and the Lehigh Valley, RWA intends to accelerate its growth strategies with Merchant’s support.

The alliance will help RWA carry out organic and inorganic growth, build a distinctive client experience, and implement formalised career development tracks for its employees.

RWA currently has a team-based service model in place, which enables its clients to gain access to its ongoing relationship management, investment strategy, and financial planning.

At present, the firm’s assets exceed $1bn and has completed a management transition.

Its CEO Edward O’Gorman, who takes on this responsibility after an 11-year stint at the firm, and chief client officer Rebecca Stevenson McClure, who joined the firm in 2018, have assumed these expanded leadership positions.

O’Gorman stated: “We saw an opportunity with Merchant to uphold our promise to our clients and our team members by maintaining majority ownership and day-to-day operational control at the local level.

“This strategic partnership provides growth capital and resources to galvanise the future evolution of our firm.”

Merchant managing partner Tim Bello said: “RWA has been uniquely supportive of the adviser-client relationship, working with adviser teams in central Pennsylvania and the Lehigh Valley to grow in a way that adds value well beyond the traditional wealth management offering.

“Also, a woman-owned, independent firm of its size is well-positioned to stand out as an attractive place for other advisers to bring their business.”

Last month, Merchant made a minority investment in US-based RIA Private Advisor Group, with over $30bn in assets.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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