Mercer acquires RIA with $290 million in AUM

Ray Mignone Associates has offices in Queens, N.Y. and Boynton Beach, Fla.

SEP 08, 2017

By Bloomberg

Mercer Advisors Inc., a national RIA firm based in Santa Barbara, Calif., has acquired Ray Mignone Associates, a financial planning firm managing $290 million of assets. Joining Mercer will be financial planner Ray Mignone, founder of the firm, and all employees currently working at its offices in Little Neck, in the New York City borough of Queens, and Boynton Beach, Fla. This transaction increases Mercer's assets under management to approximately $11.3 billion.

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