\n \u201cThe pipeline continues to grow and we will see more announcements in the coming months,\u201d said Tyler Vernon, managing principal at Merit Financial.\n <\/p>\n
Merit Financial has grabbed another former Commonwealth firm with the acquisition of Newtown, Pennsylvania-based GlennCo.<\/p>\n
The deal for GlennCo, which has approximately $208 million in total assets, marks Merit\u2019s fourth acquisition from Commonwealth. Merit recently expanded into the Detroit metropolitan area with the acquisition of former Commonwealth practice TL Financial Group<\/a> and has also acquired Blueprint Wealth Advisors and Global Wealth Advisors from the broker dealer.<\/p>\n GlennCo\u2019s owner and wealth manager Glenn Cohen will join Merit as a wealth manager, along with his entire team, according to a statement by the Georgia-based financial advisory firm. The deal was sourced through Merit regional directors and partners Ryan Evans and Nick Wilkins, who joined the firm through its acquisition of Blueprint Wealth Advisors last year.<\/p>\n \u201cWe\u2019re just seeing more and more momentum as more firms come over,\u201d Tyler Vernon, managing principal at Merit, told InvestmentNews. \u201cWe have more Commonwealth discussions going on now than we have had previously at any time in our history.\u201d<\/p>\n \u201cThe pipeline continues to grow and we will see more announcements in the coming months,\u201d he added.<\/p>\n The fallout from last year\u2019s acquisition of Commonwealth by LPL Financial<\/a> continues. A report released last month<\/a> by AdvizorPro and Muriel Consulting said that 653 advisors have left Commonwealth since the LPL Financial<\/a> deal was announced in March 2025.<\/p>\n The GlennCo acquisition expands Merit\u2019s presence in Bucks County and also marks the company\u2019s seventh office in Pennsylvania. Merit has had an office in the area since 2022 but is adding GlennCo\u2019s much larger office of more than 9,000 square feet.<\/p>\n \u201cThis gives us the ability to consolidate an existing office within a larger Commonwealth office and bring more community to our people and more resources to our clients in a larger area,\u201d said Vernon.<\/p>\n The proximity of GlennCo\u2019s office to the New Jersey border is also important, according to the Merit managing principal. \u201cSpecifically, what we\u2019re seeing from Merit\u2019s perspective is that taxes are much more favorable in Pennsylvania than New Jersey,\u201d he said. \u201cIt\u2019s a very wealthy area and its population continues to grow, driven by an exodus of New Jersey taxpayers that don\u2019t want to pay that tax anymore.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe pipeline continues to grow and we will see more announcements in the coming months,\u201d said Tyler Vernon,…\n","protected":false},"author":2,"featured_media":117114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":{"0":"post-117113","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pennsylvania","8":"tag-pennsylvania","9":"tag-pennsylvania-headlines","10":"tag-pennsylvania-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/117113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=117113"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/117113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/117114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=117113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=117113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=117113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}