Mercer Advisors Acquires Benemark

INVESTMENT MANAGEMENT DEALS BLOG

March 28, 2022

On March 1, 2022, Mercer Global Advisors, Inc. announced its acquisition of Benemark, Inc.

Under the terms of the transaction, Mercer Global Advisors, Inc. (“Mercer Advisors”) will acquire Benemark, Inc. (“Benemark”). Benemark co-founders Robert Medvey and Gregg Padilla will join Mercer upon closing. Terms of the deal were not disclosed.

Mercer Advisors, based in Denver, is a wealth management firm offering a range of financial planning services. As of December 31, 2021, Mercer Advisors had approximately $37 billion in client assets.

Benemark, based in Westport, Connecticut, is a registered investment adviser with approximately $230 million in client assets under management.

To read the press release: please click here.