Efficient Advisors, a turnkey asset management firm, agreed to merge with Evidence Based Advisors, an investment advisory firm. Financial terms were not disclosed. "This merger was a very easy decision since we both know each other very well – in fact, the relationship of key individuals predates the founding of either firm. Both firms are rooted in the same solid foundation of academic investment philosophies and have focused on standing behind financial advisors and creating long-term value for their firms and, of course, their clients," Zack Shepard, EBA Chief Revenue Officer.