Mercer Advisors announced the acquisition of Regis Management Co., a San Francisco-based registered investment adviser with $5 billion under management.
Founded in 2000, Regis specializes in alternative investments and serves ultra-high-net-worth families.
Regis executives said a driving force behind the deal was being able to leverage Mercer’s expansive array of in-house family office services, such as estate planning, tax consulting and return preparation, and trustee services.
“We spent a lot of time meeting with and vetting potential partners,” Peter Gifford, Regis partner and president, said in a statement.
David Barton, who led the acquisition of Regis on behalf of Mercer, said: “Regis has built an industry leading, ultra-high-net-worth service offering that we believed not only complemented our service model, but indeed could operate as a top-tier solution set for clients with multigenerational wealth and the complex issues and needs this unique group experiences, and the expertise they demand.”
“We felt this business combination was a one plus one equaled four or five, a fully synergized result from top to bottom with best-of-breed service solutions for every client segment,” Barton said.
Mercer, based in Denver, is majority owned by Oak Hill Capital and Genstar Capital, and has more than $37 billion in client assets under management.
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