Private Equity-Backed Mercer Advisors Buys $740 Million Firm
Mercer Global Advisors Inc., a registered investment adviser with $28 billion in client assets, has purchased Epstein & White Financial.
Mercer Global Advisors Inc., a registered investment adviser with $28 billion in client assets, has purchased Epstein & White Financial LLC, a wealth management firm located in San Diego that serves 1,300 clients with assets totaling approximately $740 million. Mercer also acquired the related entity Epstein & White Retirement Income Solutions LLC.
Epstein & White was founded in 2013 by Brad White, a certified financial planning professional and provides comprehensive wealth management services to their mass affluent and high net worth clients. The firm has more than 20 team members who will be joining the Mercer team. Mercer indicated that Epstein & White achieved organic growth of approximately 75 percent per year since 2015.
“Epstein & White is a very strong team with a respected brand for supporting the needs of clients in Southern California,” said Dave Welling, chief executive officer of Mercer Advisors. “Our combination presents a significant strategic move as it adds to our already strong presence in Southern California where our teams are already entrusted with more than $5 billion in client assets and will add to our marketing prowess nationwide.”
Established in 1985, Mercer Global Advisors is a full-service wealth management firm that specializes in providing investment advice, financial and estate planning, and taxes, and corporate trustee and trust administration services. Headquartered in Denver, Mercer Advisors is privately held, has approximately 525 employees, and operates across the country with 45+ locations. Mercer Advisors is a parent company of Mercer Global Advisors Inc., majority owned by both Oak Hill Capital and Genstar Capital.
