On October 20, 2021, Mercer Global Advisors, Inc. announced its acquisition of Lake Point Wealth Management, LLC dba Lake Point Advisory Group.
Under the terms of the transaction, Mercer Global Advisors, Inc. (“Mercer Advisors”) will acquire Lake Point Wealth Management, LLC dba Lake Point Advisory Group (“Lake Point”). Lake Point’s founder, Reid Johnson, and his team will join Mercer Advisors. Further terms of the deal were not disclosed.
Mercer Advisors, based in Denver, Colorado, is a registered investment adviser, specializing in investment advice, corporate trustee and trust administration services, financial and estate planning, and taxes. As of August 31, 2021, Mercer Advisors had approximately $32 billion in client assets.
Lake Point, based in Dallas-Forth Worth, Texas, is a wealth management firm, offering its services to mass affluent and high-net-worth individuals, families, and their businesses. Lake Point has approximately $700 million in assets under management and advisement.
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