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Deals Of The Day: The Latest In Wealth Management M&A – Mercer Global Advisors
Editorial Staff
8 September 2022
Mercer Global Advisors Based in Denver, Mercer Global Advisors is a national Registered Investment Adviser majority owned by Oak Hill Capital and Genstar Capital. It provides comprehensive, fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. It has over $37 billion in client assets. The latest acquisition follows a series of acquisitions by the firm in the US, see here and here for details.
This week, Mercer Global Advisors, acquired Jordan Financial Strategies LLC, a wealth management firm, in order to expand its Denver presence.
Based in Denver, Kristy R Jordan, CFP®, ChFC®, CLU®, founded Jordan in 1998. The firm, which has assets under management of about $120 million, helps clients with wealth management and financial planning.
Welcoming the move, Jordan said: “We focus on helping our clients achieve their economic goals by offering clarity, insight, and partnership in all market conditions anchoring on comprehensive financial planning. Like Jordan, Mercer Advisors leads with financial planning, our investment philosophies are closely aligned, and they have in-house family office services like estate planning, tax return preparation, and corporate trustee services that allow me to expand the service offering to my clients. This is a perfect cultural fit for us.”
David Barton, vice chairman of Mercer Advisors, who led the acquisition, added: “She leads with financial planning, as we do, and we could not be more excited about her and her team joining Mercer Advisors.”