Mercer Global Advisors, a Denver-based registered investment advisory managing $38 billion, has acquired Starks Financial Group, an Asheville, North Carolina-based planning and wealth management firm managing approximately $250 million.
The eponymous firm was founded in 1999 by Dawn Starks. She said that the acquisition was part of a succession plan she and partner Jennifer Adams developed.
Starks Financial is a women-owned and operated firm that "not only serves the interests of women, but those of same sex partners, along with others seeking our brand of deep financial planning, Starks said in a press release Wednesday.
"Dawn and Jennifer have built a great business and a strong team," Dave Welling, chief executive officer of Mercer Advisors, said. "As a women founded, owned, and led firm, they will join with the nine other women-led firms who have chosen Mercer Advisors as their new home and add to the ranks of our advisory team which is already over 50% women."
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
A new PitchBook analysis unpacks sticking points relating to liquidity, costs, and litigation risk for would-be investors and plan sponsors.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
