RIA Investor Merchant Takes Stake in $600M Boutique Asset Manager
Merchant Investment Management, a serial investor in registered investment advisory firms, has taken a stake in Milwaukee-based asset management boutique Morgan Dempsey Capital.
Morgan Dempsey, which has $600 million in assets under management, has partnered with Merchant to “accelerate the adoption of risk-adjusted return methodologies within the wealth management community.”
Founded in 1994 and led by principals Marc Dion and David Durham, Morgan Dempsey specializes in value equity strategies and runs assets for institutions, individual investors and registered investment advisors through separately managed accounts and various model-based platforms.
“Merchant’s recognition of the value provided by Morgan Dempsey’s Large Cap Value strategy played a significant role in forming this partnership,” said David Mrazik, Managing Partner at Merchant.
Morgan Dempsey’s Large Cap Value and Microcap Value equity strategies have delivered risk-adjusted returns that place the firm in the top decile among US-based large-cap value managers, according to the firm.
Merchant said its ecosystem comprises more than 60 partner firms and RIA practices in three countries, collectively managing more than $140 billion in assets as of the end of 2022.