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June 24, 2021

Mercer Advisors buys AFI Wealth Strategies to bolster central US reach

By Verdict Staff

RIA aggregator Mercer Global Advisors has acquired Wisconsin-based A. Farah Investments, which does business as AFI Wealth Strategies, for an undisclosed amount.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The acquired wealth manager provides boutique wealth strategy services, managing and planning to HNW individuals, families, and their businesses.

Founded by Andrew Farah, the firm manages $240m in assets on behalf of its approximately 220 clients.

Under the agreement, AFI team will join Mercer which expands its central US reach with this deal.

Commenting on the transaction, Farah said: “Partnering with Mercer Advisors had appeal for me because they take over the onerous back-office and human resources responsibilities, and offer in-house family office services like estate planning, tax, etc., that my clients can utilise. For me it was a win, and for my clients it was a win, a true ‘win-win’.”

Mercer Advisors CEO Dave Welling added: “Andy has assembled a strong team and is highly respected in the industry. His involvement and contributions to his community and local philanthropic organisations demonstrates his strong character.

“This is the type of talent we seek to add to our team. We are excited to partner with the AFI team and look forward to serving their clients with expanded wealth management services for years to come.”

Recent deals by Mercer

Headquartered in Denver, Mercer Advisors specialises in providing investment advice, financial and estate planning, and taxes, and corporate trustee and trust administration services.

Last month, the company expanded its reach to Mississippi with the acquisition of Starkville-based wealth management firm ET George Investment Management.

It also purchased Washington-based wealth management firm Hart Capital Management and Virginia-based Pinnacle Wealth Solutions this year.

Last year, Mercer acquired a number of companies, including Personal Financial Advisors, Summit Wealth Advisors, ClearRock Capital and M.J. Smith and Associates.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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