M&A Deal Summary

Mercer Advisors Acquires Convergent Wealth Management

On March 31, 2022, Mercer Advisors acquired financial services company Convergent Wealth Management

Acquisition Highlights
  • This is Mercer Advisors’ 29th transaction in the Financial Services sector.
  • This is Mercer Advisors’ 40th transaction in the United States.
  • This is Mercer Advisors’ 1st transaction in Missouri.

M&A Deal Summary
Date 2022-03-31
Target Convergent Wealth Management
Sector Financial Services
Buyer(s) Mercer Advisors
Deal Type Add-on Acquisition

Target

Convergent Wealth Management

Chesterfield, Missouri, United States
Convergent Wealth Management is an independent, full-service Registered Investment Advisory firm committed to helping sustain and build the wealth of customers. Convergent Wealth Management is based in Chesterfield, Missouri.

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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 42 of 66
Sector (Financial Services) 29 of 43
Type (Add-on Acquisition) 41 of 64
State (Missouri) 1 of 1
Country (United States) 40 of 64
Year (2022) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Benemark

Westport, Connecticut, United States

Benemark provides comprehensive financial planning and portfolio management to high-net-worth individuals, families, and corporate clientele. Benemark's clients seek a trusted and knowledgeable confidant capable of delivering financial advice relevant to each person's unique circumstances allowing them the freedom to pursue what is important to them. Benemark was founded in 1995 and is based in Westport, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Sanford Advisory

Portage, Michigan, United States

Sanford Advisory is a wealth management firm, that approaches financial management by developing a personalized comprehensive financial plan for its clientele with an understanding that each client's financial situation is unique. Sanford Advisory is based in Portage, Michigan.

Buy -
Mergr

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