Mercer Global Advisors, a Denver-based wealth management firm managing $37 billion, has acquired Wrenn Financial Strategies, a Raleigh, North Carolina-based registered investment adviser managing $238 million.
Maxie Edward Wrenn, Jr. and Janice Wrenn, who founded the firm in 1988, have joined Mercer with their entire team.
The founders said that business succession was a major consideration in their decision to sell the firm.
This is the third deal that Mercer has announced this week. On Wednesday, Mercer acquired HawsGoodwin Investment Management, a Franklin, Tennessee-based registered investment adviser managing $680 million. On Tuesday, Mercer acquired Cordasco Financial Network, a registered investment adviser managing $510 million in Naples, Florida.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
