Merchant to invest in Private Advisor Group.

Merchant, a management consulting firm, agreed to invest in Private Advisor Group, a provider of financial advisory services. Financial terms were not disclosed. “We have long admired Merchant’s commitment to their business owners, independent operating model and the financial profession. We are mutually aligned in our focus to enhance long-term value creation and succession solutions for advisors while accelerating our collective growth. With so much untapped potential in the wealth management space, Private Advisor Group looks forward to continuing to enhance and introduce leading options for the financial advice profession now and for generations to come," RJ Moore, Private Advisor Group CEO.