Financial advisory firm Mercer Advisors expands through acquisition of Family Wealth Planning Group, valued at $1.2 billion
Mercer Global Advisors, a national Registered Investment Adviser, has announced the acquisition of Family Wealth Planning Group, a wealth and tax planning firm based in Naples, Florida. This acquisition marks a strategic move to broaden Mercer's national footprint and integrated wealth management solutions.
Family Wealth Planning Group manages over $1.2 billion in assets for more than 200 families, including high-net-worth individuals, business owners, and executives. The acquisition will expand Mercer Advisors' presence in Florida, enhancing its comprehensive multigenerational wealth management capabilities, especially in tax, estate, and investment planning.
The acquisition includes Family Wealth's affiliate, Family Wealth Tax Advisory. This addition strengthens Mercer's financial planning and executive-focused services in Florida. The integration of tax and estate planning resources will allow Mercer to enhance holistic solutions for clients.
Nadia Keric, Principal and Owner at Family Wealth, expressed optimism about Mercer Advisors' extensive resources in tax, estate, and investment planning increasing their impact. Martine Lellis, Principal and M&A Partner Development at Mercer Advisors, noted the recent M&A momentum, welcoming three $1 billion-plus RIAs in just three months.
The acquisition brings a strong, growth-oriented team to Mercer, with all nine Family Wealth employees remaining post-acquisition. This is the 20th women-led partner firm to join Mercer Advisors. The values of Mercer Advisors and Family Wealth align in their dedication to personalized, multigenerational wealth management.
Tom LaMacchio, Principal and Founder of Family Wealth, stated that the acquisition will enable them to enhance their service to clients, while continuing to support their team. Mercer Advisors' CEO, Dave Welling, expressed excitement about joining the Family Wealth team to serve more clients in Southern Florida.
Lellis stated that the strength behind these partnerships is due to shared values. This alignment in values is seen as addressing evolving client needs, particularly in Florida. The acquisition reflects a commitment to delivering exceptional client service and long-term growth.
In summary, this deal enables Mercer Advisors to deepen its regional presence and service breadth through a well-established local firm with aligned values and expertise. The acquisition is expected to contribute positively to Mercer's long-term growth and client service goals.
- The acquisition of Family Wealth Planning Group, a prominent wealth and tax planning firm, by Mercer Advisors, a national registered investment adviser, will enhance Mercer's personal-finance and investing capabilities, particularly in tax, estate, and investment planning.
- The merger will enable Mercer Advisors' clients to benefit from expanded business services, as the acquisition includes Family Wealth's affiliate, Family Wealth Tax Advisory, strengthening Mercer's financial planning and executive-focused services.
