Traust Sollus Wealth Management, LLC

Traust Sollus Wealth Management, LLC offers comprehensive wealth management services, focusing on financial planning, investment management, and tax strategies to enhance the financial well-being of its clients. Founded in 1983 and headquartered in New York, US, Traust Sollus Wealth Management, LLC specializes in wealth management services. The firm was acquired by Mercer Advisors Inc. in March 2018, a transaction that has integrated its operations into a larger wealth management platform.

The CEO, Justas Miškinis, has played a crucial role in guiding the firm's strategic direction post-acquisition. Traust Sollus Wealth Management, LLC delivers wealth management solutions that include financial planning, investment management, tax planning and preparation, estate planning, and insurance services. These offerings are provided through a cohesive in-house team, ensuring tailored financial strategies to serve high-net-worth individuals and families across various regions including the Greater Philadelphia area, New England, the Midwest, the Southeast, Southwest, and the West Coast. Traust Sollus Wealth Management, LLC primarily generates revenue through fee-based advisory services tailored to high-net-worth clients.

The firm operates on a fee-for-service model, where clients are charged for specific services such as investment management and financial planning, fostering a transparent relationship that aligns with clients' best interests without relying on commission from product sales. Following its integration into Mercer Advisors Inc. , Traust Sollus Wealth Management, LLC plans to leverage the resources and infrastructure of its parent company to enhance its service offerings. The firm aims to expand its reach into new markets, focusing on increasing its presence in the Southeast and Southwest regions by 2023.

The acquisition in 2018 has provided a solid foundation for future growth, allowing the firm to innovate and potentially introduce new products or services designed to meet evolving client needs.