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DENVER, Jan. 21, 2021 /PRNewswire/ Mercer Global Advisors, Inc. ( Mercer Advisors ), a national Registered Investment Adviser ( RIA ), today announced the acquisition of Hart Capital Management, Inc. ( Hart ), a respected wealth management firm headquartered in Spokane, Washington with a satellite office in Coeur d Alene, Idaho. Hart serves approximately 400 clients with assets under management ( AUM ) of approximately $440 million. Hart was founded in 1998 by Craig W. Hart ( Craig ), President and Chief Investment Officer, focusing on delivering comprehensive wealth management services to their high net worth clients. Craig and his experienced team of nine professionals will be joining Mercer Advisors. The Hart transaction closed December 31, 2020.
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Mercer Advisors has $27B in managed assets In what he refers to as a “build it or join it decision,” Spokane-based Hart Capital Management Inc. founder Craig Hart chose to join. Mercer Global Advisors Inc., of Denver, announced Thursday morning it has acquired Hart Capital, which was founded by Hart in 1998. He and the company’s team of nine advisers will join Mercer Advisors. Terms of the acquisition weren’t disclosed in Mercer Advisors’ press release, and Hart couldn’t be reached immediately for comment. In the release, Hart says, “We had reached a level of needing to invest heavily in our business to develop the scale and infrastructure necessary to service our ever-increasing client needs.”