On October 1, Mercer Global Advisors, Inc. announced that it acquired Kiely Wealth Advisory Group.
Mercer Global Advisors, Inc. (“Mercer”) announced, on October 1, 2024, that it had acquired Kiely Wealth Advisory Group (“KWAG”). The KWAG team will be joining Mercer, expanding the firm’s presence in North Carolina. 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.
KWAG, based in Oak Ridge, North Carolina, is a consulting firm that offers portfolio management, estate planning, and retirement plan services. As of September 2024, KWAG had $523 million in assets under management. Cambridge International Partners serves as the exclusive financial advisor to KWAG on the transaction.
To read the press release: please click here.