Merit Financial Group Announces Strategic Combination with Botsford Financial Group and Financial Development Systems
Founded in 1995, Merit continues to pursue an industry leadership position in three core areas: Independent financial advice for individuals and families, delivered through its own employee advisors; turnkey financial wellness options for company retirement plan sponsors, retirement plan advisors and third party benefits consultants; and comprehensive
Key highlights of the strategic combination are:
Botsford Financial Group – a financial planning firm for high net worth (HNW) clients specializing in retirement and asset preservation planning for successful business owners and senior executives of Fortune 500 companies – will be led by its President,Kay Lynn Mayhue .Ms. Mayhue will ensure continuity of service for all Botsford clients while partnering closely with Merit's leadership team to align Botsford's industry-leading HNW strategies and experience with financial advisors across the combined Merit organization. Botsford's comprehensive HNW capabilities will enable Merit to significantly expand its presence in this client segment.Erin Botsford , Founder ofBotsford Financial Group and a widely-recognized thought leader on investing, risk management and retirement planning, will serve as a Strategic Business Development Officer in order to build further momentum toward Merit's future growth.- Financial Development Systems, an independent advisory firm that provides holistic wealth management services including investment management and retirement planning, together with income, education and estate planning and tax strategies, is expected to contribute significantly to the success of the combined firm due to its professionals' extensive experience and the firm's large client base, among other factors.
- Merit has served FDS as its OSJ since 2014, while FDS has utilized Merit's investment committee to help guide its risk-managed advisory accounts. FDS will operate as a partner under the Merit brand and platform going forward.
Jody Owenby , previously FDS' President, will play a key role in the combined firm as Senior Partner at Merit.Greg Gerhard , previously Chief Operations Officer and Chief Financial Officer, will play a key role in the combined firm as a Partner and Chief Internal Strategy Officer.
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