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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. ....

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