Investment Overview - Merchant Investment Management, a New York-based private partnership, has made a minority investment in Las Olas Capital Advisors, a broker/dealer and registered investment advisor based in Fort Lauderdale, Florida [1] - Las Olas Capital Advisors has nearly $387 million in assets under management as per its latest Form ADV [2] Company Background - Las Olas was founded in 2015 by Jodi and Paul Tanner, who previously owned the firm through their parent company, Doris Investments [2] - The firm has operated its own broker/dealer since 2018 after the expulsion of its previous broker/dealer, Capital Guardian, from FINRA [2] Previous Investments - Merchant Investment Management also disclosed a previous minority stake in Kathmere Capital Management, which has grown from $1.8 billion to $3.4 billion in assets since the partnership began in 2024 [3] - Kathmere Capital was founded in 2015 and previously affiliated with Private Advisor Group before launching its own RIA in 2019 [3] Growth and Recognition - Kathmere Capital gained national attention earlier this year when CEO Michael McDermott served as the playing "Marker" at The Masters Golf Tournament, a unique achievement for a CEO of a small investment advisory firm [4] - Merchant's lifecycle equity approach allows firms to maintain independence while accessing a world-class team and capital for expansion [5] Additional Services - Merchant provides not only growth capital but also resources and access to a network of independent advisory and financial services firms, including adjacent services like trust and tax services [6]