Mercer Advisors Acquires Private Asset Management, Inc.
August 1, 2023
Mercer Global Advisors, Inc. (Mercer Advisors) acquired Private Asset Management, Inc. (PAM), a San Diego-based wealth management firm that serves over 600 clients with approximately $720 million in AUM. The acquisition strengthens Mercer Advisors' presence and capabilities in California and adds PAM's team and wealth planning, investment management and tax services to Mercer's national RIA and family-office platform.
- Buyers
- Mercer Global Advisors, Inc.
- Targets
- Private Asset Management, Inc.
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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