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Mercer Advisors introduced the acquisition of Regis Administration Co., a San Francisco-based registered funding adviser with $5 billion beneath administration.
Based in 2000, Regis makes a speciality of different investments and serves ultra-high-net-worth households.
Regis executives stated a driving power behind the deal was with the ability to leverage Mercer’s expansive array of in-house household workplace companies, comparable to property planning, tax consulting and return preparation, and trustee companies.
“We spent loads of time assembly with and vetting potential companions,” Peter Gifford, Regis associate and president, stated in an announcement.
David Barton, who led the acquisition of Regis on behalf of Mercer, stated: “Regis has constructed an trade main, ultra-high-net-worth service providing that we believed not solely complemented our service mannequin, however certainly may function as a top-tier answer set for purchasers with multigenerational wealth and the complicated points and wishes this distinctive group experiences, and the experience they demand.”
“We felt this enterprise mixture was a one plus one equaled 4 or 5, a completely synergized outcome from prime to backside with best-of-breed service options for each shopper phase,” Barton stated.
Mercer, based mostly in Denver, is majority owned by Oak Hill Capital and Genstar Capital, and has greater than $37 billion in shopper property beneath administration.
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