On December 5, 2023, Mercer Global Advisors, Inc. announced that it had acquired Paragon Wealth Strategies, LLC.
Under the terms of the transaction, Mercer Global Advisors, Inc. (“Mercer”) announced that it acquired Paragon Wealth Strategies, LLC (“Paragon”). Further terms of the deal were not disclosed.
Mercer, based in Denver, is a registered investment advisor that provides investment management and financial planning services. As of August 2023, Mercer had $52 billion in assets under management.
Paragon, based in Jacksonville, Florida, is a wealth management firm focusing on retirement planning and investment management. As of November 2023, Paragon had $495 million in assets under management. Park Sutton Advisors served as financial advisor to Paragon on the transaction.
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