Mercer acquires $330 million RIA

Mercer acquires $330 million RIA
Founders sell Los Angeles-based Argosy Wealth Management
JUN 30, 2020

Mercer Global Advisors, a Denver-based registered investment adviser managing $18.5 billion, has acquired Argosy Wealth Management, a Los Angeles-based RIA managing approximately $330 million.

Argosy’s Michael Karon and Alex Kimura, who co-founded the firm in 2010, will join Mercer Advisors along with their seven staff members.

Latest News

In this hi-tech world of finance, JPMorgan has an old school strategy to woo HNWs
In this hi-tech world of finance, JPMorgan has an old school strategy to woo HNWs

Wealth management is a key focus for a new service tier.

5 best practices to brand your process & win more busines
5 best practices to brand your process & win more busines

Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.

Industry, financial experts sound off after DOL walks back crypto warning for 401(k)s
Industry, financial experts sound off after DOL walks back crypto warning for 401(k)s

The Labor Department's reversal from its 2022 guidance has drawn approval from crypto advocates – but fiduciaries must still mind their obligations.

Autopilot surges to $750M AUM, touts RIA growth as users copy Pelosi, Buffett trades
Autopilot surges to $750M AUM, touts RIA growth as users copy Pelosi, Buffett trades

With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.

RIA wrap: Former Procyon advisors launch Third View, ex-Rochdale CEO resurfaces in New York
RIA wrap: Former Procyon advisors launch Third View, ex-Rochdale CEO resurfaces in New York

Elsewhere on the East Coast, a Boca Raton-headquartered shop has acquired a fellow Florida-based RIA in "a natural evolution for both organizations."

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.