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Mercer advisors acquires two RIA firms

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Mercer Advisors has acquired Murray & Co, a privately owned and independent registered investment advisor (RIA), based in Austin, Texas, and Pinnacle Investment Management, a comprehensive investment management and financial planning firm located in the greater Hartford, Connecticut area.

Murray & Co was founded in 1999 by Dean Murray and has since grown to assets under management (AuM) of USD85 million. The firm’s clients include high net worth individuals and families, endowments, non-profit foundations and corporate pension funds. Murray and his team will be joining Mercer.
 
“We are delighted that Dean Murray and his team will be joining the Mercer family and furthering our commitment to helping our clients on their journey to economic freedom,” says Dave Welling Chief Executive Officer of Mercer Advisors. “We are committed to being a driving force in the Texas market as well as throughout the Southwest. Murray & Co. is a great fit for Mercer both philosophically and culturally and we look forward to working with the Murray team to broaden our service to our existing and future clients.”
 
Pinnacle has over USD180 million in Assets Under Management. Founder and CEO John Eckel and his entire team will be joining Mercer. The firm has previously been named to Worth Magazine’s list of Top Financial Advisors and Bloomberg Wealth Manager’s list of Top Wealth Managers.
 
“We are delighted John Eckel and the Pinnacle team will be joining the Mercer team and helping us deepen our presence in Connecticut and the Northeast,” says Welling. “Pinnacle shares our commitment to financial planning and helping our clients on their path to economic freedom. As CFPs and fee-only financial planners we see the world similarly.  We share a belief that financial planning is essential in today’s complex financial world and that operating as a true fiduciary that puts clients first is the best way to run an advisory firm.”

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