Mercer Advisors Acquires its Largest RIA Firm to Date
Mercer Advisors Inc., a national registered investment advisor, has acquired Traust Sollus Wealth Management, its largest RIA firm integration to date.
Mercer Advisors Inc., a national registered investment advisor, has acquired Traust Sollus Wealth Management, its largest RIA firm integration to date. Traust Sollus is a boutique wealth management firm focused on financial planning, investment management and tax planning strategies for high net worth individuals.
The addition of Traust Sollus’ New York City and Princeton, NJ offices deepens Mercer’s footprint in the Northeast, brings Mercer’s total offices to 29 and, with $420 million of assets under management, increases Mercer’s AUM to more than $12 billion.
Traust Sollus was founded in 1982 as a CPA firm before transitioning to an RIA by president and chief executive officer Al Zdenek, Jr. In addition to Zdenek, the senior management team consisting of Richard Weyers, COO & CCO, and Brian Picariello, head of wealth management, and their 26-person staff, will join Mercer.
“This acquisition not only deepens our footprint in the Northeast but more importantly allows us to greatly expand key components of our family office suite of services,” said Dave Welling, chief executive officer of Mercer Advisors.
Traust Sollus currently provides a family office suite of services to its high net worth and ultra-high net worth clientele and prepares more than 650 tax returns each year on behalf of clients.
Silver Lane Advisors LLC served as financial advisor to Traust Sollus Wealth Management.
Established in 1985, Mercer Advisors provides comprehensive, fee-only 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, one of the largest registered investment advisors and financial planning firms in the U.S. with over $12 billion in client assets and approximately 8,000 clients. Headquartered in Denver, Mercer Advisors is privately held, has over 200 employees, and operates nationally through 29 branch offices across the country.
