Mercer Global Advisors (Mercer Advisors), a Registered Investment Adviser (RIA), has acquired Kays Financial Advisory Corporation (Kays), a wealth management firm located in Atlanta, Georgia.
Kays serves approximately 700 clients with over USD800 million of assets under management.
Scott Kays, CFA, CFP founded Kays Financial Advisory Corporation in 1985 delivering comprehensive wealth management services to its high net worth (HNW) clientele. Kays and his staff of sixteen, including five co-shareholders, will be joining the Mercer Advisors’ team. The transaction closed on 30 November, 2020.
Scott Kays not only founded Kays but has served as its Managing Principal for years focusing on building a world-class RIA delivering holistic, multi-disciplinary, wealth management services.
Kays says: “We are committed to serving our clients with excellence. Part of that duty includes making sure their needs, and families’ needs, are taken care of for decades to come, and beyond my business lifetime. As a result, it became clear we needed to partner with an established national firm that could ensure continued high-quality customer service in perpetuity and present our staff with career development opportunities. In that regard, I have known Dave Welling, CEO of Mercer Advisors, for years, and hold him in high regard. In discussing a possible business combination, Dave referred me to David Barton, Mercer Advisors’ Vice Chairman who leads mergers and acquisitions. While we talked to a number of firms, Mercer Advisors was the most additive in terms of expanded services we would be able to offer our clients. After months of negotiations and planning with Dave Barton and other Mercer Advisors’ staff, and notwithstanding COVID, here we are! We couldn’t be more excited about partnering with Mercer Advisors and look forward to a bright future together.”
David Barton who led this transaction on behalf of Mercer Advisors, says: “What struck me about Scott and Kays Financial, was the quality of their team. In a team of seventeen, they have seven CFP® professionals, four CFA charterholders, four Masters degrees, two CPAs, and one doctorate. Scott and his superior team pride themselves on delivering expanded services to their clientele and operate as a comprehensive wealth manager. In this regard they are a perfect fit for Mercer Advisors because we are a family office complete with in-house estate planning attorneys, tax return preparation, and corporate trustee services. While Covid and general socioeconomic uncertainty made this deal, or any deal, difficult to complete, Scott and his partners were stand-up through it all, high integrity people and a pleasure to work with.”
Dave Welling, Chief Executive Officer of Mercer Advisors, says: “I am honoured and humbled that Scott and his exemplary team selected Mercer Advisors as their partner. We look at this as the formation of a strategic relationship that will enable us to serve clients for years to come. When Scott approached me about the possibility of joining Mercer Advisors, of course I was delighted. Scott and his partners have built a fantastic and growing RIA, rare in these times when many RIAs are struggling with organic growth. The combination of our two firms presents a formidable juggernaut in Georgia and the Southeast. We are excited to join forces with the Kays team and look forward to serving their clients with expanded wealth management services for years to come.”