On March 5, 2024, Mercer Global Advisors, Inc. announced that it acquired MDK Private Wealth Management, LLC.
Mercer Global Advisors (“Mercer”) announced that it had acquired MDK Private Wealth Management, LLC (“MDK”). 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 February 2024, Mercer had $34.8 billion in assets under management.
MDK, based in Seattle, is a registered investment advisor offering family office services including financial planning, investment management, trust and estate planning, private banking and lending, tax planning, private aviation and boat advisory and executive planning. As of March 2024, MDK had $2.5 billion in assets under management. Park Sutton Advisors acted as exclusive financial advisor to MDK.
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