Mercer acquires $170 million RIA
Succession planning motivated the sale of Mississippi-based ET George Investment Management.
Mercer Global Advisors, a $30.5 billion Denver-based registered investment adviser, has acquired ET George Investment Management, an RIA in Starkville, Mississippi.
The firm has $170 million in assets under management and about 155 clients.
ET George was founded in 1974 by Ernie George, who explained the acquisition by saying, “It was time for our firm to implement a business succession strategy.”
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