The latest mergers and acquisitions at US-based Mercer Global Advisors, a national Registered Investment Adviser.
This week, Mercer Global Advisors has boosted its presence in Texas by acquiring Cunningham, a sole proprietorship affiliated with Raymond James.
Cunningham, a wealth management firm located in Bellaire Texas, serves clients with assets under management of about $360 million, the firm said in a statement.
Mark D. Cunningham, CFP®, CDFA®, founded Cunningham in 1997. His team has been helping clients achieve financial freedom through comprehensive wealth management and financial planning, the firm said. Their approach to financial planning focuses on financial goals, aspirations and investment needs that are specific to each client.
Welcoming the move, Cunningham said: “We focus on helping our clients achieve their financial goals through comprehensive, tailored financial planning.”
“As I looked at my own succession planning options to determine with whom to partner, it was important to me that my new partner would anchor on financial planning as I do. I wanted to also provide additional services to my clients like estate planning and dedicated tax expertise and return preparation,” he continued. “Mercer Advisors was the right decision for my clients, my staff, and for me.”
David Barton, vice chairman at Mercer Advisors who led the acquisition said: “Mark has built a wonderful business with a strong team. He leads with financial planning as we do, and we could not be more excited that he and his staff are joining the Mercer Advisors team.”
Dave Welling, CEO of Mercer Advisors, added: “Mark leads a highly respected wealth management team. We are thrilled they are joining the Mercer Advisors team and adding to our already significant presence in Texas. We look forward to working together to deliver meaningful results for our shared clients.”