logo
logo

Mercer Advisors Acquires Benemark, Inc.

Mar 01, 2022•over 3 years ago

Acquiring Company

Mercer Global Advisors

Acquired Company

Benemark

DenverFinancial Services

Description

Mercer Global Advisors, Inc. ("Mercer Advisors"), a national Registered Investment Adviser (RIA), today announced the acquisition of Benemark, Inc. ("Benemark"), a respected wealth management firm headquartered in Westport, Connecticut. Benemark serves approximately 70 clients with assets under management (AUM) of approximately $230 million. Benemark was founded by Robert A. Medvey, CFP®, CPWA®, Partner and CEO, and Gregg G. Padilla, CFP®, Partner and CFO, in 1995. Benemark offers comprehensive financial planning and portfolio management to high-net-worth individuals, families, and corporate clientele. Benemark's entire team will be joining Mercer Advisors.

Company Information

Company

Mercer Global Advisors

Location

Denver, Colorado, United States

About

Mercer Global Advisors Inc. is a full-service wealth management firm providing investment advice, financial and estate planning, and trustee services. It is one of the largest Registered Investment Advisers and financial planning firms in the U.S. with $56 billion in client assets.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed