Mercer Global Advisors has acquired a registered investment advisor, Kingfisher Capital, that manages $630 million in assets for more than 200 clients, the company announced Tuesday.
Charlotte, North Carolina-based Kingfisher was founded in 1989 by Alexander B. Miles and H.K. Hallett and takes a family office approach to supporting its clients.
In a statement, Hallett cited the firm’s need to be there for its clients “forever — our fiduciary duty to them is a forever commitment, which meant we needed to join a national, fully institutionalized organization that shared our mission, vision and values.”
After meeting with Dave Barton, vice chairman at Mercer, “we knew we had found the right partner that was not only a national family office RIA with institutional investment capabilities, but also a firm with dozens of estate planning lawyers, a dedicated team of CPAs and other tax professionals, and corporate trustee and other services in-house, and all under one roof,” Hallett continued.
Denver-based Mercer Global Advisors oversees $52 billion in client assets and has more than 70 locations across the country. In recent months, it has announced the purchase of a $720 million RIA in San Diego, California, and a $400 million RIA in Macon, Georgia.
In June, Mercer said that it was bringing in a new private equity investor, Altas Partners, in a deal that was expected to raise more than $1 billion to fuel the Mercer’s growth-through-acquisition strategy.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
