Mercer Advisors Recognized for the “Private Wealth Manager M&A Deal of the Year”
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Industry leading RIA firm creates innovative acquisition solution with Raymond James to win highly competitive PAM award.
This ground-breaking work has now paved the way for several other similar transitions with Raymond James that Mercer Advisors closed. Deep experience in the M&A process is key to success and it is extremely gratifying receive this prestigious award. DENVER (PRWEB) February 23, 2021 Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA) firm, today announced that the firm has been recognized for the “Private Wealth Manager M&A Deal of the Year” in the Private Asset Management (PAM) Awards. This award marks the fourth-year in a row that Mercer Advisors has been recognized in the PAM awards with a winning initiative.
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DENVER, Jan. 19, 2021 /PRNewswire/ Mercer Global Advisors, Inc. ( Mercer Advisors ), a national Registered Investment Adviser ( RIA ), today announced the acquisition of Pinnacle Wealth Solutions, Inc. ( Pinnacle ), a respected wealth management firm located in Midlothian, Virginia. Pinnacle serves approximately 250 clients with assets under management ( AUM ) of approximately $365 million. Pinnacle was founded in 1985 by G. Carl Mahler, Jr., CFP® ( Carl ) focusing on delivering comprehensive wealth management services to their high net worth (HNW) clients. Pinnacle has two shareholders – Carl and Jill A Jeter, CFP® ( Jill ). In all, five Pinnacle team members will be joining the Mercer Advisors team. The Pinnacle transaction closed December 31, 2020.
Mercer announces fourth RIA acquisition in 8 days
The $25 billion Denver aggregator is buying Rowland Carmichael Advisors, a Scottsdale, Arizona-based multifamily office that serves 240 clients with more than $850 million in assets.
January 13, 2021
On Wednesday, the $25 billion Denver-based aggregator announced its fourth acquisition so far this year of an RIA with at least $800 million in client assets. The deal for Scottsdale, Arizona-based Rowland Carmichael Advisors, which serves 240 clients with more than $850 million in assets, follows three other announcements in the past eight days.
The deals announced previously include: Kays Financial Advisory, an $800 million Atlanta-based firm; Atlanta Financial Associates, an $815 million firm also based in Atlanta; and McGee Wealth Management, an $800 million firm based in Portland, Oregon.