Mercer Advisors has announced that it has acquired Portland, Oregon-based Sigma Investment Management Co. The RIA serves high-net-worth clients throughout the Pacific Northwest.
Through the acquisition, Mercer has further increased its presence in the Pacific Northwest, which already includes an office in Seattle and seven in California. The acquisition brings Mercer’s total number of offices to more than 30.
In addition, the deal brings an additional $500 million of assets under management to Mercer, thus bringing its total AUM to near $14 billion.
Sigma, which was founded in 1992, serves approximately 270 clients across Oregon and surrounding states. It is led by Harmon Laurin, president; William A. Berg, CFA, CFP, CEO and chief investment officer; and Timothy J. Wylder, Esq. Sigma is also active in the Portland community and supports a number of nonprofits.
“I am excited about being able to offer our existing and new clients a much broader suite of wealth management services in addition to our investment management program,” Berg said in a statement.
Mercer offers comprehensive financial and retirement planning, in-house estate planning, asset protection, tax return preparation and corporate trustee services, all of which are now available to clients of Sigma.
“This strategic partnership allows us to offer our clients so much more while still remaining part of a privately held fiduciary company that has the same culture and values as ours,” Sigma’s Laurin said in a statement.
— Check out Mercer Advisors Acquires Beacon Wealth Management on ThinkAdvisor.