- Starks has about $250 million assets under management
- Starks was founded in 1999
- Mercer Advisors Inc is a parent company of Mercer Global Advisors Inc.
Mercer Global Advisors Inc, a registered investment advisor, has acquired Asheville, North Carolina-based Starks Financial Group Inc, a financial planning and wealth management firm. No financial terms were disclosed.
Mercer is backed by Oak Hill Capital and Genstar Capital.
Starks was founded in 1999 by Dawn Starks.
On the transaction, Dawn Starks said in a statement: “We learned of Mercer Advisors as a potential acquiring partner because several of our peers had been acquired by them, and David Barton, Vice Chairman and Leader of Mergers and Acquisitions at Mercer Advisors, spearheaded all of those transactions. After meeting with David, we knew we had found the right partner for us. The cultural fit between our firms could not be higher.”
Established in 1985, Mercer Advisors is a wealth management firm that provides fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. Mercer Advisors Inc. is a parent company of Mercer Global Advisors Inc. Headquartered in Denver, Mercer Advisors has over 670 employees, and operates nationally through 60+ offices across the country.