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Friday, December 2, 2022

Mercer Advisors Acquires Regis Administration Firm

Mercer Advisors introduced the acquisition of Regis Administration Firm on Thursday, a $5 billion registered funding advisor with workplaces in San Francisco and Menlo Park, California.

Co-founded by Managing Associate Robert Burlinson in 2000, Regis is targeted on serving to ultra-high-net-worth purchasers navigate multigenerational wealth, funding, taxes and philanthropic giving. President Peter Gifford, Chief Working Officer Steven Go and companions Stephen Donahue and Matthew Krensky full the agency’s management group.

Regis has roughly $5 billion in property underneath administration and advisement, based on Thursday’s announcement. As a supplier of bespoke funding administration options and multigenerational wealth planning, the agency will leverage Mercer’s in-house household workplace companies, equivalent to property planning, trustee companies and tax consulting and preparation.

“Now we have constructed a enterprise designed to service our purchasers’ wants via a number of generations,” mentioned Burlinson. “Partnering with Mercer Advisors will permit us to draw, prepare, and retain world class expertise to make sure finest in school service past our lifetimes. Now we have a fiduciary obligation to make sure the continued and uninterrupted care of our purchasers, and in fulfilling that obligation of care, we looked for one of the best companion for us and our purchasers that will guarantee our boutique, white glove method to consumer care is sustained for generations to return.”

“The Regis group is also thrilled concerning the operational assist, infrastructure, and assets {that a} scaled, nationwide agency like Mercer Advisors can present as we develop,” mentioned Gifford.

“Regis has constructed an business main, UHNW service providing that we believed not solely enhances our service mannequin, however certainly may function as a top-tier answer set for purchasers with multigenerational wealth, the complicated points and wishes this distinctive group experiences and the experience they demand,” mentioned Dave Barton, who heads up M&A for Mercer. “We felt this enterprise mixture was a one plus one equaled 4 or 5, a completely synergized end result from prime to backside with better of breed service options for each consumer phase.”

Based in 1985, Denver-based Mercer now has added 70 corporations. Majority investments by personal fairness corporations Oak Hill Capital, in 2019, and Genstar Capital, in 2015, fueled the agency’s fast development and supported the addition of 16 new corporations in 2022, with roughly $11.6 billion in collective property. It’s among the many fastest-growing RIAs within the nation, with greater than 800 workers and 90 workplaces overseeing round $37 billion in consumer property as of the top of the third quarter.

Berkshire World Advisors, an funding financial institution centered on serving RIAs, suggested Regis on the transaction. Authorized illustration was supplied by Alston & Chook.   

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