Wealth Management Acquisitions in Delaware

Diversify Advisor Network announced that Key Advisors Wealth Management, a Delaware-based fee-only firm with $645 million AUM, is joining Diversify Wealth Management, Diversify’s Partner Platform. As part of the expanded affiliation, Key Advisors’ founder Eddie Ghabour will take an equity stake in Diversify and lead the team’s integration to accelerate growth, succession planning and advisor monetization.

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Mallard Advisors, LLC, a Hockessin, Delaware-based wealth management firm that serves 109 clients with approximately $165 million in AUM. Founder William D. Starnes and his team joined Mercer as part of a succession plan while Mercer expands its presence in Delaware; financial terms were not disclosed.