On December 3, 2024, Mercer Global Advisors, Inc. announced that it acquired Frango Financial LLC.
Mercer Global Advisors, Inc. (“Mercer”) announced, on December 3, 2024, that it acquired Frango Financial LLC (“Frango”). Frango’s existing team will remain in place after the transaction. Further terms of the transaction were not 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 December 2024, Mercer had approximately $66 billion in client assets.
Frango, based in Washington, D.C., is a registered investment advisor offering investment management, retirement planning, insurance and risk management, education funding, cash flow management and tax and estate planning services. As of December 2024, Frango managed approximately $110 million in client assets.
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