FUNDRAISING NEWS | March 06, 2024
Mercer Global Advisors has acquired Seattle-based MDK Private Wealth Management, which oversees more than $2.5 billion in assets. The firm was founded in 2020 by Paul Meyer, Jaimi Dennehy, and Chris Kalafatis.
Meyer began his career in the financial industry in 1985 with New England Securities and later worked at firms like Goldman Sachs and J.P. Morgan Securities before co-founding MDK Private Wealth Management in 2020. His co-founders, Jaimi Dennehy and Chris Kalafatis, entered the industry somewhat later, in 2010 and 2012 respectively, both starting their careers at J.P. Morgan Securities. Together, they established MDK, focusing on providing specialized financial services to ultra-high-net-worth clients. This diverse experience from notable financial institutions laid the groundwork for the expertise and services offered by MDK.
This acquisition expands Mercer’s presence in the Pacific Northwest. Financial details of the deal were not disclosed. 
John Washington is the Data Research Analyst at Dakota.
