Mercer Acquires Private Asset Management


September 18, 2023

On August 1, 2023, Mercer Global Advisors, Inc. announced the acquisition of Private Asset Management.

Under the terms of the transaction, Mercer Global Advisors, Inc. (“Mercer”) acquired Private Asset Management (“PAM”). This is Mercer’s third acquisition of a registered investment advisor in the past three months. Financial terms were not disclosed. 

Mercer, based in Denver, Colorado is a registered investment advisor that provides investment management and financial planning services. Mercer has $48 billion assets under management.

PAM, based in San Diego, California, is a registered investment advisor that provides services to ultra high net worth individuals. PAM has over $720 million in client assets under management. Echelon Partners advised PAM on the transaction. 

To read the press release: please click here

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