Mercer Advisors, a portfolio company of Genstar Capital, has acquired Dallas-based Pegasus Advisors LLC, a registered investment advisory firm. No financial terms were disclosed.
SANTA BARBARA, CA, November 2, 2016 – Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Advisor firm based in Santa Barbara, has acquired Pegasus Advisors, LLC (“Pegasus Advisors”), an RIA firm managing $50 million in client assets, located in Dallas, Texas.
According to Christopher Currin, CFP®, President of Pegasus Advisors, “Mercer Advisors shares our vision of how to operate a fee-only practice by providing independent, objective advice without any product sales agenda. Our affiliation with Mercer Advisors will allow us to deliver a broader range of specialized offerings, including turnkey asset management, in-house estate planning, executive benefits consulting, family office services, and trust administration. We’re now more capable and client-focused than ever before.”
“We are excited to have Chris and his Team on board for the opening of our new Dallas office,” adds Mercer Advisors CEO David Barton. “An advisory team with deep local roots and extensive knowledge of the DFW market will gain the added strength and stability of a national powerhouse with 30 years’ experience. Together, we’re ideally positioned to offer our North Texas clients a compelling value of single-source, comprehensive wealth management services – everything from financial planning to asset protection and tax management to multi-generational legacy and estate planning and trust administration.”
Anthony Salewski, a Board member of Mercer Advisors and Managing Director of Genstar Capital, which acquired Mercer in 2015, said, “We have been working with Dave Barton since our acquisition to build Mercer both organically and through acquisitions. Earlier this year, we successfully completed the company’s merger with Kanaly Trust. We are very pleased with the company’s progress and we are on track towards building a leading national wealth manager.”
About Mercer Advisors
Established in 1985, Mercer Advisors Inc. is a total wealth management firm that provides comprehensive, fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate planning, and tax management services to affluent individuals. 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 $9 billion in assets under management and more than 6,000 clients. Headquartered in Santa Barbara, California, Mercer Advisors is privately held, has over 190 employees, and operates nationally through 21 branch offices across the country. For more information, visit www.merceradvisors.com.
Data as of September 30, 2016. Includes AUM and personnel statistics from Kanaly Trust, a wholly owned subsidiary of Mercer Advisors.