Mercer Global Advisors, a Denver-based firm managing $37 billion in assets, has acquired Cordasco Financial Network, a registered investment adviser managing $510 million in Naples, Florida.
Terms of the acquisition were not disclosed.
Cordasco, which was founded in 2011 by Steve Cordasco, has more than 400 clients. Its entire team has joined Mercer.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
