Merit buys Southern California wealth manager Bridgeway

Merit Financial Advisors has acquired The Bridgeway Group, a wealthiness absorption concern based successful Southern California with locations successful Pasadena and Covina.

Bridgeway has present adopted the Merit Financial Advisors brand.

The companies did not disclose the fiscal oregon ineligible details of the agreement.

Bridgeway manages astir $900m successful assets wide and is headed by long-time partners Matt Dupon, Sean Montgomery and Scott Miller.

Its nine-member squad offers fiscal readying and concern absorption services, with status readying arsenic a cardinal country of work.

Dupon said: "We person built a beardown concern and privation to support growing, but continuing astatine this gait requires greater infrastructure and support. Merit gives america that enactment portion allowing america to support the independency that has ever been highly important to us."

The transaction is Merit's 61st acquisition and its ninth concern of 2026.

Bridgeway is the sixth erstwhile Commonwealth Financial Network squad to determination to Merit since Commonwealth's merchantability to LPL Financial was announced past year.

All Bridgeway unit are joining Merit.

Dupon and Montgomery volition instrumentality the rubric of wealthiness manager, partner, portion Miller volition go country director, wealthiness manager, partner.

Bridgeway had been affiliated with Commonwealth Financial Network for the past 13 years.

Over the past 5 years, it recorded yearly maturation of astir 22% done a premix of marketplace gains, acquisitions and integrated expansion.

Merit Financial Advisors managing principal, spouse Tait Lane said: "This is already a highly palmy steadfast with important momentum. They are not looking for idiosyncratic to alteration the business. They are looking for a spouse that tin assistance region constraints astir a large concern and springiness a talented squad much capableness to grow. That is wherever we judge Merit tin adhd tremendous value."

In April, Merit Financial Advisors acquired Strategic Retirement Plans, a registered advisory concern with its main bureau successful Billings, Montana, and different determination successful Gillette, Wyoming.

"Merit buys Southern California wealthiness manager Bridgeway " was primitively created and published by Private Banker International, a GlobalData owned brand.