A round-up of people moves and M&A deals across North America
M&A
The wealth firm has acquired Bel Air Investment Advisors from Fiera Capital Corporation.
Bel Air is based in Los Angeles and provides wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations.
The company has 43 employees, including 10 advisers.
This is Hightower’s “largest acquisition” in its 12-year history, according to the firm.
The financial terms of the deal were not disclosed.
Mercer Global Advisors
Kays serves approximately 700 clients.
Founder Scott Kay and his staff of 16, including five co-shareholders, will be joining the Mercer Advisors’ team.