Mercer Advisors acquires $350 million Arbor Asset Management

RIA firm, founded in 1996, is based in Ann Arbor, Mich.

Feb 19, 2019 @ 12:26 pm

By InvestmentNews

Mercer Global Advisors has aquired Arbor Asset Management, a registered investment adviser located in Ann Arbor, Mich., that manages approximately $350 million in assets.

Mercer Advisors, headquartered in Denver, has approximately $15 billion in AUM.

(More: 10 biggest RIA acquisitions of 2018)

The addition of Arbor's office in Ann Arbor expands Mercer Advisors' footprint in Michigan to three offices, which includes Detroit and Traverse City, and brings the total number of offices in the network to 39.

Arbor was founded in 1996 by Neil Paolella, who will be joining Mercer Advisors with his four team members.

0
Comments

What do you think?

View comments

Recommended next

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print