Subscribe

Mercer acquires RIA with $290 million in AUM

Ray Mignone Associates has offices in Queens, N.Y. and Boynton Beach, Fla.

Mercer Advisors Inc., a national RIA firm based in Santa Barbara, Calif., has acquired Ray Mignone Associates, a financial planning firm managing $290 million of assets.

Joining Mercer will be financial planner Ray Mignone, founder of the firm, and all employees currently working at its offices in Little Neck, in the New York City borough of Queens, and Boynton Beach, Fla.

This transaction increases Mercer’s assets under management to approximately $11.3 billion.

Learn more about reprints and licensing for this article.

Recent Articles by Author

More Americans have health insurance than pre-pandemic

But 25 million remain uninsured according to new report.

Bitcoin at one-month low amid broad crypto sell-off

Stocks and bonds providing better returns weakens digital assets appeal.

Goldman sees slower growth, labor market with two Fed cuts

Any further slowing of demand will hit jobs not just openings.

TD facing new allegations in Florida, Bloomberg reports

Canadian big six bank is already under investigation by US regulators.

Demand for bonds is soaring amid rate-cut speculation

Led by US Treasuries, global demand for sovereign debt is rising.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print