Merit Enters Utah with Acquisition of $281M RCM Investments 

Merit Financial Advisors has expanded its national footprint with the acquisition of RCM Investments, a Utah-based wealth management firm overseeing $281 million in assets. The deal marks Merit’s first office in the state and its 37th acquisition since partnering with Wealth Partners Capital Group and HGGC’s Aspire Holdings platform in late 2020. 

Headquartered in American Fork, RCM Investments offers a suite of services to mass affluent and high-net-worth clients, including investment management, retirement income planning, insurance analysis, and estate and tax planning. The firm’s leadership team—Tony Riggs, Craig Riggs, Cameron Foster, and James Houston—will join Merit as wealth managers and partners. 

RCM will benefit from Merit’s centralized services and back-office infrastructure to pursue further organic growth. “RCM’s experienced team and solid client relationships make them an ideal partner as we enter the Utah market,” said Tait Lane, managing principal and partner at Merit. “Their long-term vision and strong growth mindset align perfectly with our approach.” 

The transaction, finalized on May 30, 2025, follows a series of acquisitions by Merit in 2025, including Safeguard Wealth Management ($597 million in assets), Sanctuary Wealth Management and Fiduciary Services ($1.6 billion), Hershey Wealth Advisors ($233 million), Pillar Wealth Management, and Zimmermann Investment Management & Planning ($739 million). 

Atlanta-based Merit now operates over 40 offices nationwide and managed $15.96 billion in client assets as of March 31, 2025. Financial terms of the RCM deal were not disclosed.