On October 2, Mercer Global Advisors, Inc. announced that it acquired Kades & Cheifetz.
Mercer Global Advisors, Inc. (“Mercer”) announced, on October 2, 2024, that it had acquired Kades & Cheifetz LLC (“Kades & Cheifetz”). 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 July 2024, Mercer had $63 billion in assets under management.
Kades & Cheifetz, based in Philadelphia, is a registered investment advisor and financial services provider serving high-net-worth clients. As of September 2024, Kades & Cheifetz had $400 million in assets under management. Colchester Partners acted as exclusive financial advisor to Kades & Cheifetz on the transaction.
To read the press release: please click here.