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January 10, 2020

Mercer Advisors takes over Illinois wealth manager CCP

Mercer Global Advisors has expanded its national footprint with the acquisition of wealth manager CCP.

The deal adds around $140m in assets to Mercer Advisors’ books. Financial terms of the transaction were not disclosed.

The acquired entity will now merge with the Chicago office of Mercer Advisors.

As part of the deal, all CCP employees will move to Mercer Advisors. They include CCP owner Steve Roberts as well as Carin Pankros Roman.

Headquartered in Chicago, Illinois and set up in 1985, CCP caters to nearly 100 households.

Roberts said: “We are excited to team up with a firm whose philosophy is in lock step with ours. We were looking for a partner that could help us to better serve our clients and provide additional resources.

“After meeting with Dave Barton, Mercer Advisors’ Vice Chairman in charge of Mergers and Acquisitions, I was convinced Mercer Advisors was the right choice for me and for my clients.”

Mercer Advisors offers financial planning, investment management, family office services, estate and tax planning, as well as corporate trustee and trust administration services, among others.

The Colorado-based firm has 47 branches and employs more than 400 people.

Mercer has been on an acquisition spree recently. Last month, it bought Texas-based Republic Wealth Advisors , Michigan-based SD Financial Pathways, and Adam Financial Associates based in Florida.

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