Biltmore Capital Advisors, a registered investment adviser managing $557 million, and its sister company, Stone Creek Capital Management, which offers a range of consulting services, have merged into Merit Financial Advisors, a diversified Atlanta, Georgia-based financial advisory firm managing $5.59 billion.
Terms of the transaction were not disclosed.
Biltmore and Stone Creek are based in Boca Raton, Florida, and Princeton, New Jersey. Stone Creek, which offers services to those seeking margin lending, portfolio reporting, research, and other consulting services, will continue to operate as a stand-alone business line within Merit, the company said in a release. Biltmore and Stone Creek are led by D. Tyler Vernon and Timothy Ralph, both of whom will assume new roles at Merit and will be joined by their entire team.
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