Genstar-backed Mercer Advisors to buy Sigma Investment Management

Mercer Advisors Inc, a Genstar Capital portfolio company, said Nov. 12 that it acquired Sigma Investment Management Co. Financial terms weren’t announced. Sigma, of Portland, Oregon, is a wealth management firm serving high net worth clients throughout the Pacific Northwest. UPDATE: Lovell Minnick Partners owns a minority of Mercer Advisors.

PRESS RELEASE

DENVER, November 12, 2018 – Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Advisor (RIA), today announced the acquisition of Sigma Investment Management Company (Sigma), a large wealth management firm located in Portland Oregon serving high net worth clients throughout the Pacific Northwest.

The addition of Sigma’s office in Portland, Oregon deepens Mercer Advisors’ footprint in the Pacific Northwest and builds on its significant West Coast presence, including an office in Seattle and seven offices in California. The Sigma acquisition brings Mercer Advisors’ total offices to over 30, and, with over $500 million of Assets Under Management (AUM), increases its AUM to close to $14 billion.

Sigma was founded in 1992 and services approximately 270 clients across Oregon and surrounding states and is led by Harmon Laurin, President, William A. Berg, CFA, CFP, CEO and Chief Investment Officer, and Timothy J. Wylder, Esq. Sigma is extremely active in the Portland community supporting a long list of non-profits including The Oregon Community Foundation, Portland Art Museum, Boys and Girls Club of Portland, Oregon Symphony, OHSU (Oregon Health Science University) Foundation, Youth Rights and Justice, St Mary’s Academy, Bravo Youth Orchestra, The Ford Family Foundation, MIKE Program and Ethos Music for Kids, among others.

Dave Welling, Chief Executive Officer of Mercer Advisors, said, “Sigma is an established and highly respected firm, a very attractive business in a dynamic and growing market. More importantly we are delighted to be joining forces with a team that shares our values and culture. Sigma’s commitment to excellence, professional acumen, and high integrity result in superior client satisfaction.” Welling added, “Sigma’s executive team led by Harmon Laurin and Bill Berg are seasoned professionals and pillars of the Portland community, and their 12-member team adds bench strength helping to fuel our intention to grow market share in Portland and surrounding communities.”

Commenting on the transaction, CEO and Chief Investment Officer William Berg stated: “I am excited about being able to offer our existing and new clients a much broader suite of wealth management services in addition to our investment management program.” Sigma’s President Harmon Laurin added, “This strategic partnership allows us to offer our clients so much more while still remaining part of a privately held fiduciary company that has the same culture and values as ours.”

Mercer Advisors’ Vice Chairman David Barton, who leads the company’s M&A activity, said, “Sigma is a well-known and highly respected firm in a competitive and crowded Portland market. They have become a pre-eminent RIA firm relying principally on their investment management acumen. While many buyers were highly interested in partnering with them, Mercer Advisors won this transaction because our family office business model is complementary to their investment management platform. Stated differently, adding Mercer Advisors’ services like comprehensive financial and retirement planning, in-house estate planning, asset protection, tax return preparation, and corporate trustee services made the choice clear – Mercer Advisors’ multi-disciplinary approach to financial care was superior to other firms seeking to acquire Sigma.  This, combined with our strong organic growth made Mercer Advisors stand out in a hyper-competitive M&A market. This transaction is a true win-win for all concerned.”

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 and tax planning, asset protection expertise, and corporate trustee and trust administration services. 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 close to $14 billion in client assets. Headquartered in Denver, Mercer Advisors is privately held, has over 300 employees, and operates nationally through over 30 branch offices across the country. For more information, visit www.merceradvisors.com.