Mercer Global Advisors has acquired Benchmark Wealth Management, which is based in Old Lyme, Connecticut.
Benchmark provides holistic financial planning and wealth management for HNW professionals and retirees. It currently serves more than 300 clients with close to $412m in assets under advisement.
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Also, in Mercer, Benchmark found a like-minded team that focused on client experience and financial planning.
“We have spent nearly two decades building a client experience that is focused on building depth and trust in our client relationships. Financial planning, which is at the core of how we operate, is foundational to how we deliver on the white-glove experience that we promise,” said Stout. “Once we got to know the team at Mercer Advisors, we became confident that our clients would continue to receive top-notch care and that we would have opportunities to further deepen these relationships by adding services such as estate planning, tax guidance, and more.”
David Barton, Vice Chairman, who led the acquisition of Benchmark on behalf of Mercer Advisors, continued: “Rick and Tom are highly experienced planners with sophistication in managing larger clients. In addition to a like-minded service model, Mercer Advisors gains additional expertise in serving high-net-worth clients and more coverage in an important market for us.”
“With both firms anchoring on financial planning and client experience, it was easy to see that the Benchmark team would fit right in and integrate smoothly,” added Dave Welling, CEO of Mercer Advisors. “We are thrilled they are joining the Mercer Advisors team and bolstering our growing presence in Connecticut and the Northeast area. We look forward to working together to help deliver meaningful results for our shared clients.”
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