Mercer Advisors Acquires $250M Starks Money Group in NC

Mercer International Advisors, a person of the biggest and quickest growing registered financial investment advisors in the country, announced its 11th acquisition of the year with the addition of Starks Financial Group, located in Asheville, N.C.

Established in 1999 by Dawn Starks, the RIA brings about $250 million in property under administration to Mercer, as nicely as experience with SRI, ESG, effect and thematic investing for retirees, females and same-sex partners. The agency is affiliated with Raymond James Economic Services, its impartial broker/seller. 

“My associate Jennifer Adams … and I are very pleased of the detailed wealth administration company we have constructed,” Starks said in a statement. “As a ladies-owned and operated business, we have an understanding of the distinctive challenges dealing with women of all ages. As a result, we have constructed a exercise that not only serves the pursuits of females, but individuals of very same sexual intercourse partners, together with others trying to find our manufacturer of deep economical arranging.”

Starks and Adams began in search of out a partnership to resolve for succession and figured out of Mercer by way of peer corporations it had presently obtained. “We cherished their household business office providers and the simple fact that Mercer Advisors would choose about time-consuming back again-office get the job done,” stated Starks. “But what truly impressed us was their investment and interest to a lot of women’s development initiatives, together with their ‘InvestHers’ platform supporting women’s teams throughout the firm and beyond.”

The Starks workforce will be a part of nine other gals-led companies at Mercer, and a stable of advisors that is a lot more than 50% ladies.

“Dawn and Jennifer are undertaking revolutionary get the job done making and supporting the progression of financial independence for ladies and are particularly the good quality of monetary planners we are trying to find to insert to our group,” claimed David Barton, who led the transaction on behalf of Mercer. “As a support business enterprise, you are only as superior as your folks, and our industry is talent starved. In Starks, we are incorporating really skilled new group associates, which is a major intention of our M&A strategy—adding wanted talent to assist our development.”

Mercer has additional 63 companies given that it was established in 1985. Bulk investments by the two Oak Hill Capital and Genstar Funds have authorized the Denver-based mostly company to substantially ramp up mergers and acquisitions exercise in latest many years, and 10 new additions had been introduced in the to start with 50 percent of 2022 by itself. Mercer is now among the the largest RIAs in the country, proclaiming more than $38 billion in consumer assets.