Mercer Advisors Acquires $2.5B Seattle RIA
Mercer Global Advisors, Inc., a Denver-based registered investment advisor, has acquired MDK Private Wealth Management, LLC, a $2.5 billion Seattle-based firm that caters to ultra-high-net worth clients.
Financial terms of the deal were not disclosed.
Founded in 2020 by co-founders Paul Meyer, Jaimi Dennehy, and Chris Kalafatis, MDK offers a range of multi-family office services including financial planning, investment management, trust and estate planning, private banking and lending, tax planning, private aviation and boat advisory, and executive planning.
MDK also specializes in working with senior executives to support compensation planning and 10b5-1 plans.
“Jaimi, Paul, and Chris have built an exceptional ultra-high-net worth practice. They are performing services not easily found or offered,” said David Barton, vice chairman, who led the acquisition of MDK on behalf of Mercer Advisors. “They bolster our family office team and capabilities and, likewise, we add value to their business.”
Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc. and Regis Acquisitions, Inc. Both are majority owned by private equity firms Oak Hill Capital, Genstar Capital, and Altas Partners. The firm manages over $56 billion in client assets.
In January, the firm acquired Transitions Wealth Management LLC, a Denver-based firm with about $465 million in assets. The acquisition followed a busy buying spree in the second half of 2023, including $495 million Florida-based RIA Paragon Wealth Strategies in December, $630 million North Carolina family office Kingfisher Capital in October, and $680 million Dallas,TX-based RIA Steward Wealth Management.
