Mercer Adds Nearly $1.7B in Assets via Two Deals

News November 13, 2024 at 05:08 PM

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Mercer Global Advisors has added nearly $1.7 billion in assets through two acquisitions announced this week.

The RIA firm, which has $66 billion in client assets, has acquired Minneapolis-based investment advisory and financial planning firm Waypoint Capital Advisors and Fort Collins, Colorado-based RIA Chapel & Collins.

Waypoint manages nearly $1 billion in client assets for ultra-high-net-worth individuals and families. Chapel & Collins manages about $675 million for over 500 clients and specializes in business owners, retirees and pre-retirees.

“We were very impressed with the strength of Waypoint’s client base and track record of growth. The like-minded approach to family office services was immediately apparent and will add depth to our existing offering,” said Martine Lellis, Mercer principal, M&A partner development.

“Waypoint is a terrific complement to Mercer Advisors and will deepen the depth and breadth of our teams focused on serving multi-family offices and ultra-high-net-worth families,” Mercer CEO Dave Welling said.

Chapel & Collins serves high-net-worth investors, offering estate, charitable, tax, and giving and trust planning, as well as alternative investments. The deal expands Mercer’s operations in and near its Denver headquarters.

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