Mercer Global Advisors has acquired a registered investment advisor, Kingfisher Capital, that manages $630 million in assets for more than 200 clients, the company announced Tuesday.
Charlotte, North Carolina-based Kingfisher was founded in 1989 by Alexander B. Miles and H.K. Hallett and takes a family office approach to supporting its clients.
In a statement, Hallett cited the firm’s need to be there for its clients “forever — our fiduciary duty to them is a forever commitment, which meant we needed to join a national, fully institutionalized organization that shared our mission, vision and values.”
After meeting with Dave Barton, vice chairman at Mercer, “we knew we had found the right partner that was not only a national family office RIA with institutional investment capabilities, but also a firm with dozens of estate planning lawyers, a dedicated team of CPAs and other tax professionals, and corporate trustee and other services in-house, and all under one roof,” Hallett continued.
Denver-based Mercer Global Advisors oversees $52 billion in client assets and has more than 70 locations across the country. In recent months, it has announced the purchase of a $720 million RIA in San Diego, California, and a $400 million RIA in Macon, Georgia.
In June, Mercer said that it was bringing in a new private equity investor, Altas Partners, in a deal that was expected to raise more than $1 billion to fuel the Mercer’s growth-through-acquisition strategy.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
