Mercer Global Acquires Two East Coast Groups, Adds ~$1B

Mercer Global Advisors has announced back-to-back acquisitions of two independent East Coast advisory groups with close to $1B in combined managed assets, according to recently published press releases. 

North Carolina-based Kiely Wealth Advisory Group and Pennsylvania-based Kades & Cheifetz LLC join Mercer’s network of advisors with $523M and $440M in serviced client assets, respectively. 

The Kiely group, led by founder and President Joe Kiely, is a five-person team that has worked together for over two decades, while the three-person Kades & Cheifetz was founded by partners Howard Kades and Steve Cheifetz, who have over 50 years of combined experience in the industry. 

Cambridge International Partners exclusively advised Kiely Wealth group on their transaction, while Colchester Partners advised Kades & Cheifetz. 

Denver-based Mercer said it oversees approximately $63B in client assets and has over 1,150 employees operating out of more than 90 locations, as of July 31.

View the press releases here:

https://www.merceradvisors.com/awards-news/press-releases/mercer-advisors-adds-to-strong-north-carolina-presence-with-addition-of-kiely-wealth-advisory-group/

https://www.prnewswire.com/news-releases/mercer-advisors-adds-kades--cheifetz-a-pennsylvania-based-ria-serving-high-net-worth-clients-302262021.html