Mercer Global Advisors has acquired Texas-based wealth management firm Quest Capital for an undisclosed amount.

Founded in 1987, Quest offers wealth management services to high-net-worth individuals, families, and their businesses.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The firm manages $1.5bn in assets on behalf of its approximately 660 clients.

As part of the deal, Quest’s six shareholders and its 17 employees will join Mercer Advisors’ team.

Quest shareholder Kalita Blessing said that the deal brings ‘immediate benefits to the company’s clients by accessing Mercer Advisors’ in-house family office services such as estate planning and tax return preparation’.

Quest COO Dennis Moore added: “We were keen to expand our service offering, and add real horsepower to our middle and back-office resources to create scaled efficiency.

“Dave Barton, Mercer Advisors Vice Chairman, whom we worked with to complete this business combination, communicated this strong value proposition early and often, and the Quest partners agreed it was best for Quest, our loyal clients, and our staff.”

The acquisition is expected to expand Mercer Advisors’ presence in Dallas, Houston, and Austin.

Earlier this week, Mercer acquired Washington-based wealth management firm Miller Advisors, which managed $240m in assets.

Wisconsin-based AFI Wealth Strategies, ET George Investment Management, Hart Capital Management and Pinnacle Wealth Solutions are amongst the other acquisitions made by the firm earlier this year.

Last year, it made a number of purchases, including that of Personal Financial Advisors, Summit Wealth Advisors, ClearRock Capital and M.J. Smith and Associates.

Commenting on the latest deal, Mercer Advisors CEO Dave Welling said: “The Quest leadership group have assembled a strong team and are highly respected in our industry.

“This is the type of talent we seek to add to our team and we look forward to expanding on the services to help better serve the current and future Quest clients.”