Mercer World Advisors has added practically $1.7 billion in property by means of two acquisitions introduced this week.
The RIA agency, which has $66 billion in shopper property, has acquired Minneapolis-based funding advisory and monetary planning agency Waypoint Capital Advisors and Fort Collins, Colorado-based RIA Chapel & Collins.
Waypoint manages practically $1 billion in shopper property for ultra-high-net-worth people and households. Chapel & Collins manages about $675 million for over 500 purchasers and makes a speciality of enterprise homeowners, retirees and pre-retirees.
“We had been very impressed with the energy of Waypoint’s shopper base and monitor file of progress. The like-minded strategy to household workplace providers was instantly obvious and can add depth to our current providing,” stated Martine Lellis, Mercer principal, M&A associate 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 stated.
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.
Credit score: yudhistirama/Adobe Inventory
