Two entities – collectively known as Singer Burke – are part of the transaction: SB Capital Management, a $1.2 billion RIA providing investment management and wealth planning services, and Singer Burke Zimmer & Kogan, which provides a range of accounting, tax, business management and financial consulting. 

Singer Burke is joining Mercer Advisors’ Regis Group, a specialized national team dedicated to families with $25 million or more in investible assets. It will also serve as the cornerstone of the company’s media, entertainment and creative professionals specialty practices across all client segments. 

Sandy Singer founded Singer Burke in 1972 with the vision of helping clients take control of their financial lives via collaborative planning-led solutions, the firm said in a statement. Today, the company focuses its family office service model on media and entertainment business professionals. Singer Burke has served some of the entertainment industry’s top showrunners, producers, writers, actors, and composers for many decades. 

By joining Mercer Advisors, the Singer Burke leadership team – Matthew Burke, Richard Singer, Elaina Kogan, Stephanie Connor Arkof, and Amitha Harichandran – gains a wider set of client services including estate planning which they did not previously offer.

“We believe client outcomes are strongest when financial professionals work in true coordination,” said Matthew Burke, managing partner of Singer Burke. “For decades, we’ve had the privilege of serving some of the most accomplished individuals in entertainment and media. We partnered with Mercer Advisors because we believe the firm’s collaborative ethos, supported by its team of integrated specialists, exemplifies how clients receive the best service.”

Mercer Advisors has more than $80 billion in total client assets, with $20 billion across its ultra-high net worth offerings. 

Today, more than 100 colleagues are part of the Regis Group, who focus on serving ultra-high net worth clients. The Regis Group comprises long-tenured Mercer Advisors professionals as well as professionals from partner firms that have joined over the last several years, including Regis Management Company, MDK Private Wealth Management, and Waypoint Capital Advisors.

“The Regis Group is increasingly the destination of choice for the industry’s preeminent fiduciary, ultra-high net worth advisors who want to work together as a team – instead of competing against each other,” said Daniel Gourvitch, president of Mercer Advisors.

“Our partnership with Singer Burke will deliver immediate value to the firm’s clients and colleagues, expand our Regis Group in the LA market, and will allow us to deliver a purpose-built offering for creative professionals across the country,” Ted Motheral, principal, M&A partner development of Mercer Advisors, added.

For this transaction, Jim DiPisa of Dalphia Partners served as the exclusive financial advisor to both SB Capital Management and Singer Burke Zimmer & Kogan. 

The latest purchase continues a run of acquisitions by Mercer. Recently, it expanded into Florida with the acquisition of Family Wealth Planning Group and its affiliate Family Wealth Tax Advisory, a Naples, Florida-based wealth and tax planning firm overseeing $1.2 billion in assets for more than 200 families. It also acquired Full Sail Capital, an Oklahoma City-based wealth management firm serving high net worth and multigenerational families. See more here and here.

Mercer is among a group of wealth managers that have bought a number of firms in a consolidation and M&A trend now well established in the US and Canada.

Mercer Advisors, the parent company of Mercer Global Advisors, is majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners.