M and A
Deals Of The Day: The Latest In Wealth Management M&A – Mercer Global Advisors, Convergent
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The latest corporate transactions, mergers, acquisitions and related developments in North American wealth management.
Mercer Global Advisors
The RIA, Mercer Global
Advisors, has bought Convergent Wealth Management, a $130
million AuM business based in Chesterfield, Missouri.
Convergent was founded by John P Stobbs, managing member, and Jeannie Seabaugh, investment advisor, analyst and managing member. The entire Convergent team will be joining Mercer.
Denver-based Mercer Advisors is a parent company of Mercer Global Advisors, majority-owned by both Oak Hill Capital and Genstar Capital.
Mercer Global Advisors has more than $39 billion in client assets.
