Denver, CO (PRWEB) October 06, 2021 Mercer Global Advisors Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA) firm, today announced
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DENVER, Jan. 13, 2021 /PRNewswire/ Mercer Global Advisors Inc. ( Mercer Advisors ), a national Registered Investment Adviser ( RIA ), today announced the acquisition of Rowland Carmichael Advisors, Inc. ( RCA ), a respected wealth management firm located in Scottsdale, Arizona. RCA serves approximately 240 clients with assets under management / advisement (collectively AUM ) with over $850 million. Tim Rowland ( Tim ), CFP®, MBA, and David Carmichael ( David ), founded RCA in 1986 delivering comprehensive wealth management services to its high net worth (HNW) clients, including a robust retirement plan service business and attendant corporate clientele. RCA has four shareholders that include Tim and David, and a strong next generation leadership team in Jaron Carmichael, CPA, CFP®, Masters in Tax, and Corey Bird, CFP®, MBA in Finance, and Masters in Psychology. In all, nine (9) RCA team members will be joining the Mercer Advisors team.
Mercer Acquires $850M Rowland Carmichael Advisors Rowland Carmichael Advisors appeal is a retirement plan business that Mercer will add to its $2 billion ERISA services.
Mercer Advisors acquired a Scottsdale, Ariz., firm advising more than $850 million in investor and retirement plan assets, the company announced Wednesday. Mercer closed on the Rowland Carmichael Advisors transaction on Dec. 31, 2020.
Mercer will combine the RCA family with its existing Scottsdale office and help grow the firm’s presence in the Southwest, said Mercer CEO David Welling in a company statement. Terms of the deal were not released.
Founded in 1986 by Tim Rowland and David Carmichael, RCA is a fee-based multi-family office that advises approximately 240 high-net-worth clients, qualified retirement plans and corporations.