Bringing you live news and features since 2006 

Mercer Advisors acquires Traust Sollus Wealth Management

RELATED TOPICS​

Mercer Advisors, a national Registered Investment Advisor (RIA), has announced its largest RIA firm integration to date with the acquisition of Traust Sollus Wealth Management (TS), a boutique wealth management firm emphasising sophisticated financial planning, investment management and tax planning strategies for high net worth individuals.

The addition of Traust Sollus’ New York City and Princeton, NJ offices deepens Mercer’s footprint in the Northeast, brings Mercer’s total offices to 29 and, with USD420 million of Assets Under Management (AUM), increases Mercer’s AUM to over USD12 billion.
 
Traust Sollus was founded in 1982 as a CPA firm before transitioning to a RIA by Al Zdenek, Jr, TS’s President and Chief Executive Officer. TS today provides a family office suite of services to its high net worth and ultra-high net worth clientele, and prepares over 650 tax returns each year on behalf of clients. In addition to Zdenek, the senior management team consists of Richard Weyers, COO & CCO, and Brian Picariello, Head of Wealth Management, and their 26-person staff, will join Mercer.
 
Dave Welling Chief Executive Officer of Mercer Advisors, says: “This acquisition not only deepens our footprint in the Northeast but more importantly allows us to greatly expand key components of our family office suite of services. The addition of the consequential executive talents that Al, Rick, and Brian bring to Mercer further deepens our executive bench and adds decades of wealth management experience to our organisation.
 
“We are also thrilled to be expanding the scale and expertise of our tax practice through the addition of Traust Sollus’ tax team.” 
 
Zdenek, says: “For more than 35 years Traust Sollus Wealth Management has partnered with clients to ensure they are always making the best financial decisions and living the life they want now and in the future – we take pride in positively transforming lives! In Mercer Advisors, we have found a partner that is as passionate and dedicated in delivering top-notch service and ensuring clients achieve their personal and financial goals. With a deeply talented staff, a high-touch service and can-do attitude in work, along with shared values and culture, it was an easy decision to partner with Mercer. We are thrilled to bring two leaders in the wealth management industry together and enthusiastically look forward to working together to create the premiere wealth advisory company in the nation.”
 
Mercer Vice Chairman David Barton, who leads the company’s M&A activity, says: “There are only a few RIA’s in the US that have a footprint like ours, and we are going deeper in markets where we already are, particularly in strategic locations like New York. Our high touch, high service, Family Office business model requires both a local presence and multi-disciplinary professionals to service the complex needs of our HNW and UHNW clients. You cannot deliver Mayo Clinic style financial care from a single location to clients located far away just as a hospital in Columbus, OH cannot treat a patient in Princeton, NJ.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by