Mercer Advisors Buys $630M Wealth Management Firm

Mercer Global Advisors, Inc., a registered investment advisor that is majority-owned by private equity firms Oak Hill Capital and Genstar Capital, has acquired wealth manager Kingfisher Capital, LLC (KC) for an undisclosed amount.

Founded by Alexander B. Miles and H.K. Hallett in 1989, the Charlotte, NC-based family office manages about $630 million for 210 high-net-worth clients.

“Alex and H.K. have built a high-quality family office business staffed by an exceptional team of professionals. In our industry, you are only as good as your people, and we believe their people, like our people, are top notch. The winners of course, are the clients,” noted David Barton, vice chairman at Mercer Advisors who leads mergers and acquisitions.

Denver, CO-based Mercer Advisors had a busy summer of acquisition. In August, the firm acquired Steward Wealth Management, a $680 million financial planning, investments, tax, and estate planning firm in Colleyville, TX. Earlier that month, it bought Private Asset Management, a $720 million wealth manager in San Diego.

In July, Mercer Advisors scooped up Newark, DE-baed Mallard Financial Partners, Inc., which manages approximately $180 million in assets.

Mercer manages $52 billion in assets across more than 70 locations throughout the US.

Kingfisher Capital was advised by InCap Group as financial advisor and investment banker, and Robinson Bradshaw as transaction counsel.