At a glance
- Zack started Nov. 2 as executive vice president and head of private wealth at the Atlanta-based firm, which has about $32.9 billion in assets and 63 completed acquisitions.
- The new unit's private wealth clients start at $10 million in investable assets, though families below that can qualify if they have complexity or expected "money in motion," Zack said.
- Zack plans to finish an assessment of Merit against the UHNW Institute's 10 domains of family wealth by the end of January, with estate planning and risk management her first priorities.
Merit Financial Advisors hired Heather Zack, a former co-head of Carson Group's private client offering, to lead a new private wealth unit, Financial Advisor Magazine reported. Zack started Nov. 2 as executive vice president and head of private wealth at the Atlanta-based firm, which has about $32.9 billion in assets and 63 completed acquisitions.
The new unit's private wealth clients start at $10 million in investable assets, though families below that can qualify if they have complexity or expected "money in motion," Zack said. She said client relationships will not change hands, and the long-term aim is a multifamily office support model built partly through outside partners.
Zack plans to finish an assessment of Merit against the UHNW Institute's 10 domains of family wealth by the end of January, with estate planning and risk management her first priorities.
Reported by the Moves desk from Financial Advisor Magazine. Published . Corrections