A nationwide Registered Investment Adviser (RIA), Mercer Global Advisors, has purchased Kiely Wealth Advisory Group (KWAG) located in North Carolina.
With $523m in assets under management, KWAG assists individuals and groups in making financial plans for the future.
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The management staff of the company, which has been there for over 20 years, has extensive tenures and services over 530 clients.
KWAG had been searching for a partner who could provide extended wealth management capabilities to clients, shared an ideal of client care and financial planning, and help them boost new client development efforts.
“For more than 25 years, we’ve focused on serving clients as a fiduciary with financial planning at the center of our service model. We were intrigued that Mercer Advisors shares our values and would help us scale,” said Joe Kiely, president, CEO, and founder of the firm.
Kiely further places a high value on customer education and empowering clients to make informed choices.
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By GlobalDataDavid Barton, vice chairman, who oversaw the takeover on behalf of Mercer Advisors, stated: “Joe and the team at KWAG think about the world in ways that are hyper-compatible with our family office model and our commitment to serving clients as a fiduciary. They are a natural fit for our organisation.”
Dave Welling, CEO of Mercer Advisors added: “With the union of our firms, the clients of KWAG will gain access to our suite of wealth solutions, including estate, tax, and insurance planning. Together, we will enhance the financial well-being of our shared clients. We are excited to welcome this experienced team as we continue to grow our presence in North Carolina.”
Cambridge International Partners acted as Kiely Wealth Advisory Group’s sole financial adviser.
