Mercer Acquires Kiely Wealth

INVESTMENT MANAGEMENT DEALS BLOG

October 21, 2024

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.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.