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Mercer Advisors Acquires Cordasco Financial Network, Inc.

Jan 11, 2022•over 3 years ago

Acquiring Company

Mercer Global Advisors

Acquired Company

Cordasco Financial Network

DenverFinancial Services

Description

Mercer Global Advisors, Inc. ("Mercer Advisors"), a full-service wealth management firm and national Registered Investment Adviser (RIA), today announced the acquisition of Cordasco Financial Network, Inc. ("CFN"), a respected wealth management firm headquartered in Naples, Florida. CFN serves over 400 clients with assets under management (AUM) of approximately $510 million. CFN was founded by Steve Cordasco, CEO, in 2011. CFN offers comprehensive financial planning and portfolio management to high-net-worth individuals, families, and corporate clientele. CFN's 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