On September 3, 2024, Mercer Global Advisors, Inc. announced that it acquired Benchmark Wealth Management, LLC.
Mercer Global Advisors, Inc. (“Mercer”) announced, on September 3, 2024, that it acquired Benchmark Wealth Management, LLC (“Benchmark”). No financial terms were disclosed.
Mercer, based in Denver, is a registered investment advisor that provides fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. As of July 2024, Mercer had $63 billion in client assets.
Benchmark, based in Old Lyme, Connecticut is a financial planning and wealth management firm offering services to high-net-worth professionals and retirees. As of July 2024, Benchmark had $412 million in assets under management. DeVoe & Company represented Benchmark in the transaction.
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