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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.
Rockefeller Acquires Whitnell from Associated Banc-Corp
Rockefeller Capital Management has agreed to buy Illinois-based
Whitnell & Co., a subsidiary of
Associated Banc-Corp. Whitnell is Rockefeller’s second family office acquisition, following the addition of Silicon Valley-based
Financial Clarity in 2019.
Whitnell provides financial planning, wealth management and generational wealth transfer services for affluent families across the Midwest. “The Midwest is a key region for our national expansion, as our footprint continues to geographically align with where Americans build businesses and create wealth. As we unite our businesses, we will be better positioned to serve our clients and offer robust solutions to solve for the complex challenges they may face.” says Rockefeller family office president