Mercer Global Advisors Inc., a registered investment adviser with more than $16.5 billion in client assets, has purchased Regent Wealth Management Group, an RIA located in Woodbridge, Connecticut with approximately $300 million in assets under management.
The acquisition brings Mercer’s branch count to 11 offices in the Northeast region with approximately $2.7 billion in AUM, and three offices in Connecticut. Mercer now has 43 total offices across the country.
Regent was founded by Alan Weiss in 1987 and provides comprehensive wealth management services to high net worth individuals and families, and currently serves approximately 110 households.
“Alan and his staff are great additions to the team,” said Dave Welling, chief executive officer of Mercer Advisors. “Alan has built out a deep bench of seasoned professionals and the mix of talent in Woodbridge strengthens our team with other nearby Mercer Advisor offices in Hartford and Fairfield.”
Established in 1985, Mercer Global Advisors is backed by Genstar Capital and provides comprehensive, fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection expertise, and corporate trustee and trust administration services. Mercer Advisors is the parent company of Mercer Global Advisors.