Lovell Minnick Partners said Monday it closed the sale of Mercer Advisors to Genstar Capital. Financial terms weren’t announced. Santa Barbara, California-based Mercer is a registered investment advisor that provides wealth management services to clients throughout the United States.
Lovell Minnick Partners has completed the sale of its portfolio company, Mercer Advisors, to Genstar Capital. Mercer Advisors is a leading registered investment advisor, providing a full suite of wealth management services to clients throughout the United States. For more than 30 years the Company has serviced the mass-affluent and high-net-worth markets and today has over 4,000 individual clients with assets under management (“AUM”) of $6 billion. Mercer Advisors offers comprehensive wealth management solutions, including financial planning, investment management, tax management, retirement income and benefits planning, and estate planning. In 2008, Lovell Minnick Partners, together with management, led a recapitalization of Mercer Advisors.