The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Mercer Advisors
Denver-headquartered Mercer Advisors, a national registered investment advisor (RIA), has acquired Kades & Cheifetz, a Pennsylvania based RIA.

Located in the suburbs of Philadelphia with additional coverage in Florida, Kades & Cheifetz delivers a customized financial service, seeking to create and preserve wealth for present and future generations, managing about $440 million in assets.

“Joining Mercer Advisors allows us to free up our time to focus on serving existing and new clients. We thrive serving affluent families that want help creating and executing plans that secure their economic futures,” said partner Howard Kades. “We realized many clients were growing to expect more comprehensive support covering their full wealth picture. Mercer Advisors and the family office offering helps us solve this,” Stephen Cheifetz partner added.

“Howard and Steve built an attractive clientele focusing in the affluent “Main Line” area that runs west of Philadelphia. Mercer Advisors has had a presence in this market for nearly three decades and we are excited to continue growing together in this region and beyond,” David Barton, vice chairman, who led the acquisition of Kades & Cheifetz on behalf of Mercer Advisors, said.

The latest acquisition continues a run of acquisitions by Mercer. Most recently, it acquired Kiely Wealth Advisory Group of North Carolina.

Hightower
Chicago-headquartered Hightower has facilitated a partnership between Altium Wealth Management, its associated team with offices in New York and Connecticut, and Kimberly Clouse, a family wealth advisor in the Boston area.

Together, they enhance their abilities to deliver customized wealth advisory services to a high net worth clientele across the country, the firm said in a statement.

This partnership is driven by a shared commitment to "a client-centric service model" built around what families need and expect, as well as a long-standing desire to help the industry evolve. The combination will bring Altium’s total assets under management to over $6 billion.

“Altium gives my team access to more robust resources, allowing us to better serve our clients’ evolving needs. I have never been more impressed by a single firm’s combination of talent, capabilities, and technology,” said Kimberly Clouse. “I am excited to be part of such a forward-looking organization, which also brings the benefit of access to Hightower’s resources.”

Altium Wealth Management. which joined Hightower in 2022, offers tax management and financial planning services as well as an investment platform consisting of customizable direct indexing and fixed income strategies.