Mercer Advisors Adds $150M Personal Financial Solutions

Mercer Global Advisors has added a New Jersey-based independent advisory firm, which manages $150 million in assets under management. 

Manasquan, NJ-based Personal Financial Solutions, founded in 1996, which is led by CEO Kenneth LeBlanc, provides investment management, tax and estate planning, and financial planning-related services to high-net-worth clients. 

Personal Financial Solutions expands Mercer Advisors’ presence in New Jersey, which already has offices in Marlboro and Morristown, and boosts its reach in the East Coast market. 

The firm uses LPL Financial to gain access to advisory services, according to its website. 

“After nearly three decades of serving clients with roots in Southern Monmouth County Beach Towns and across New Jersey, it was important for me to find a partner that shares my commitment to personalized, fiduciary advice,” LeBlanc said. 

Mercer’s latest addition comes after the RIA acquired Portsmouth, NH–based Charter Oak Capital Management, which oversees more than $1.5 billion in total client assets, and further expands Mercer’s footprint across New England. 

Denver-based Mercer Global Advisors is backed by a collective group of private equity firms, including Oak Hill Capital, Genstar Capital, and Altas Partners.   

The RIA manages about $98 billion in assets under management and operates across more than 110 locations.