On November 13, 2015, Mercer Advisors Inc. announced that it acquired Spruce Hill Capital, LLC, a registered investment advisor based in Guilford, CT.
Spruce Hill Capital, LLC (“Spruce Hill”) manages approximately $110 million in client assets. Mercer Advisors Inc. (“Mercer”), located in Santa Barbara, California, is a wealth management firm with more than $6 billion in assets under management and 5,000 clients. The purchase of Spruce Hill provides Mercer with a presence on the East Coast.
Terms of the transaction were not disclosed.
To read the press release: please click here.