Mercer Advisors and Kanaly Trust to Merge

March 28, 2016

On March 28, 2016, Mercer Advisors and Kanaly Trust announced a definitive agreement to merge, which will on completion create one of the largest independent wealth managers in the United States.


Upon completion of the merger, David H. Barton, Chief Executive Officer of Mercer Advisors, will head the combined company, which will manage assets exceeding $8 billion. The terms of the private transaction, which is subject to regulatory approval, were not disclosed. Moelis & Co. LLC served as financial advisors to Kanaly Trust in connection with the transaction.

Mercer Advisors, based in Santa Barbara, California, is a wealth management firm with $6 billion in assets under management and more than 5,000 clients.

The Houston, Texas-based Kanaly Trust provides wealth management, financial planning and trusts-and-estates services to families, individuals and estates. It manages and advises on assets that total more than $2 billion.

To read the press release: please click here.

 


Categories

Investment Manager M&A, Transactions