Merchant Investment Management Takes Minority Stake in Wealth Advisor Growth Network

NEW YORK--()--Merchant Investment Management (Merchant) has completed a transaction to take a minority stake in the Wealth Advisor Growth Network (WAGN). The company, founded by John Phoenix and Jay Hummel in October of 2019, is focused on establishing new, optimizing existing, and growing independent wealth firms as well as the best in class firms that serve them.

Over the last year, the two companies have collaborated on a wide variety of projects, strategic initiatives and investments. “We’ve been working as partners since early 2019, and investing in the company was the next logical step for the evolution of our relationship. We are excited about the momentum at WAGN and see it as a key strategic piece of our growing ecosystem,” said Tim Bello, managing partner of Merchant.

“While we had a high number of interested investors, it was clear what we wanted in a financial partner: people with a reputation of doing things the right way, alignment on future industry vision, access to long term capital and the ability to help the company enhance its impact on its clients. It was clear all of that was present in our partnership with Merchant,” said Jay Hummel, co-founder of WAGN.

Matt Brinker, the most recent addition to the senior ranks of the Merchant partnership, will be joining the WAGN advisory board to further ensure continued alignment of the two companies.

About Merchant: Merchant is a private partnership providing growth capital, management resources, strategic opportunities, and direction to independent financial services companies, particularly those focused on wealth and asset management. By establishing and optimizing business infrastructure, providing access to organic and inorganic growth opportunities, designing and accessing bespoke investment solutions, and providing collaborative capital solutions to address a variety of business needs, Merchant helps unlock value and entrepreneurial opportunity for business owners. To learn more about Merchant and the Merchant team, please visit www.merchantim.com.

About WAGN: WAGN, founded by John Phoenix and Jay Hummel, is a company focused on establishing new, optimizing existing, and growing independent wealth firms as well as the best in class firms that serve them. Along with providing consulting services on how to increase overall business efficiency to the broader market place, WAGN will strategically partner with a limited number of firms in unique geographies to help them operate and grow both organically and inorganically through recruiting, mergers and acquisitions. By aligning with a small number of firms, WAGN is able to have a substantial impact on the operating efficiency, client experience, profitability and enterprise value of the partner firms. For more information on the company and the webinar visit: www.wagn.biz

Contacts

Media:
Tisha Kresler
tkresler@rubenstein.com

Release Summary

Merchant Investment Management has completed a transaction to take a minority stake in the Wealth Advisor Growth Network.

Contacts

Media:
Tisha Kresler
tkresler@rubenstein.com