Merion Wealth Partners, LLC, an advisor owned, independent wealth management firm, has announced its formation. The founding partnership group is a collection of recognized financial industry professionals who conceived the business model to improve upon the existing service offerings available to the affluent and high-net worth investor community.
With the advisory industry in flux, Merion Wealth Partners operates as a platform for independent registered investment advisors (RIAs) and break away wirehouse advisors to achieve lower operating costs, improved profitability, greater competitive advantage and enhanced client service all within the context of independence and equity ownership.
Merion Wealth Partners has structured the company and its platform to support their advisor partners in the areas of asset management, risk management and estate planning. The firm boasts an objective, proprietary economic and investment management expertise led by professionals with more than 100 years of combined experience in equity, fixed income and alternative investments.
“Our appeal to advisors is simple: reduce the cost of doing business while accelerating the revenue of their practice and the advisor’s own wealth creation. Our strength in the areas of asset management, risk management and estate plan design allows advisors to compete against larger, less flexible firms,” says Bob Andres, founding partner and Chief Investment Officer at Merion Wealth Partners.
The company has formed a partnership with Ash Brokerage which provides access to a leading independent innovator in the area of risk management and estate planning. Ash Brokerage, known as the Practice Enhancement Company for financial professionals, offers the advisors of Merion Wealth Partners access to over 75 different insurance companies and an array of risk management and estate planning solutions. “Ash Brokerage looks forward to providing the Merion advisors product expertise, advanced case design support and underwriting management that advisors to affluent and high net worth investors require,” states Tim Ash, President of Ash Brokerage.
Merion Wealth Partners is actively recruiting seasoned advisors who service affluent and high net worth families. “Our model provides advisors with the flexibility to partner with the firm through several arrangements including regional launch partnerships, affiliations or full scale mergers and acquisitions,” says Paul Beideman, Chairman and Chief Executive Officer at Merion Wealth Partners.
The firm has already established advisor offices in Farmington, CT, the Lehigh Valley (Bethlehem, PA) and outside Philadelphia (Berwyn, PA).