Mercer Advisors has expanded in the US with the acquisition of Colorado RIA Chapel & Collins, and Minnesota’s investment advisory and financial planning firm Waypoint Capital Advisors.
Financial details of the deals remain undisclosed.
Chapel & Collins, managing approximately $675m in assets for over 500 clients, provides comprehensive financial planning services.
These include wealth management, preservation, and transfer strategies for multigenerational families, as well as advising corporate retirement plans and providing institutional consulting services.
Fort Collins-based Chapel & Collins has a team of seven, which includes four Certified Financial Planner professionals.
The addition of this company takes Mercer Advisors’ AUM in Colorado to almost $5bn across seven offices and more than 150 employees.
Chapel & Collins founding partner Dennis Collins said: “By leveraging Mercer Advisors’ tremendous scale and resources, we can devote more time and attention to helping our clients navigate their unique challenges and opportunities.
“Partnering with a leading national fiduciary firm like Mercer Advisors helps empower our team of advisors to strengthen existing client relationships and develop new ones.”
Minneapolis-based Waypoint Capital Advisors manages around $1bn in client assets for ultra-high-net-worth (UHNW) individuals and families.
Waypoint CEO and managing partner Jon Kennedy said: “Partnering with Mercer Advisors for our next phase of growth was the clear choice. We have the shared vision of providing clients with personalised fiduciary financial advice that not only helps them execute their financial plans, but also fulfills their life plans.
“Mercer Advisors will be a long-term home for our 12 professionals, who are excited to access the full-service wealth management services, resources, and capabilities of a high caliber RIA.”
“Mercer Advisors adds around $1.7bn in assets with double deal” was originally created and published by Private Banker International, a GlobalData owned brand.
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