Mercer International Advisors has added almost $1.7 billion in belongings by means of two acquisitions introduced this week.
The RIA agency, which has $66 billion in consumer belongings, has acquired Minneapolis-based funding advisory and monetary planning agency Waypoint Capital Advisors and Fort Collins, Colorado-based RIA Chapel & Collins.
Waypoint manages almost $1 billion in consumer belongings for ultra-high-net-worth people and households. Chapel & Collins manages about $675 million for over 500 shoppers and makes a speciality of enterprise house owners, retirees and pre-retirees.
“We have been very impressed with the energy of Waypoint’s consumer base and monitor report of development. The like-minded method to household workplace providers was instantly obvious and can add depth to our present providing,” mentioned Martine Lellis, Mercer principal, M&A companion improvement.
“Waypoint is a terrific complement to Mercer Advisors and can deepen the depth and breadth of our groups targeted on serving multi-family places of work and ultra-high-net-worth households,” Mercer CEO Dave Welling mentioned.
Chapel & Collins serves high-net-worth traders, providing property, charitable, tax, and giving and belief planning, in addition to various investments. The deal expands Mercer’s operations in and close to its Denver headquarters.
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