Mercer Advisors Acquires Arbor Asset Management

March 4, 2019

On February 19, 2019, Mercer Global Advisors Inc. announced that it had acquired Arbor Asset Management, LLC.

The founder and president of Arbor Asset Management, LLC (“Arbor”), Neil Paolella, will join Mercer Global Advisors Inc. (“Mercer”), along with his four team members. Further terms of the deal were not disclosed.

Arbor, based in Ann Arbor, Michigan, is a wealth management firm with $350 million in assets under management.

Mercer is a Registered Investment Advisor with approximately $15 billion in assets under management after acquiring Arbor. Mercer’s parent company, Mercer Advisors Inc. is a wealth management firm providing a variety of fee-only services, including investment management, financial planning and corporate trustee and trust administration services.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions