M&A Deal Summary

Mercer Advisors Acquires Benchmark

On September 3, 2024, Mercer Advisors acquired financial services company Benchmark

Acquisition Highlights
  • This is Mercer Advisors’ 43rd transaction in the Financial Services sector.
  • This is Mercer Advisors’ 63rd transaction in the United States.
  • This is Mercer Advisors’ 4th transaction in Connecticut.

M&A Deal Summary

Date 2024-09-03
Target Benchmark
Sector Financial Services
Buyer(s) Mercer Advisors
Deal Type Add-on Acquisition
Advisor(s) DeVoe & Company (Financial)

Target

Benchmark

Old Lyme, Connecticut, United States
Benchmark provides holistic financial planning and wealth management for high-net-worth professionals and retirees. Benchmark is based in Old Lyme, Connecticut.

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Buyer(S) 1

Buyer

Mercer Advisors

Denver, Colorado, United States

Category Company
Founded 1985
Sector Financial Services
Employees280
DESCRIPTION

Mercer Advisors is an independent RIA primarily services the mass-affluent and high-net-worth clients. Mercer attracts and retains clients by offering comprehensive wealth management solutions, including: financial planning, investment management, tax management, retirement income and benefits planning, and estate planning. Mercer Advisors was founded in 1985 and is based in Denver, Colorado.


DEAL STATS #
Overall 65 of 66
Sector (Financial Services) 43 of 43
Type (Add-on Acquisition) 63 of 64
State (Connecticut) 4 of 4
Country (United States) 63 of 64
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 MDK

Seattle, Washington, United States

MDK is a comprehensive wealth management firm that offers a full range of family office services including financial planning, investment management, trust and estate planning, private banking and lending, tax planning, private aviation and boat advisory, and executive planning. MDK was founded in 2020 and is located in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 Kades & Cheifetz

Berwyn, Pennsylvania, United States

Kades & Cheifetz is an independent Registered Investment Advisor (RIA) and financial services provider. Kades & Cheifetz was formed in 1991 and is headquartered in Berwyn, Pennsylvania.

Buy -