Mercer Advisors Acquires Kays Financial Advisory Company
4 min readDENVER, Jan. 5, 2021 /PRNewswire/ — Mercer International Advisors, Inc. (“Mercer Advisors”), a nationwide Registered Investment Adviser (RIA), today announced the acquisition of Kays Economical Advisory Corporation (“Kays”), a revered wealth management organization located in Atlanta, Ga. Kays serves around 700 customers with over $800 million of property underneath administration. Scott Kays, CFA, CFP® (“Scott”) launched Kays Fiscal Advisory Corporation in 1985 providing extensive wealth administration solutions to its superior internet worth (HNW) clientele. Scott and his staff of sixteen, which include 5 co-shareholders, will be becoming a member of the Mercer Advisors’ workforce. The transaction shut on November 30, 2020.
Scott not only launched Kays but has served as its Running Principal for yrs concentrating on creating a globe-course RIA delivering holistic, multi-disciplinary, wealth management expert services. Scott acquired his Licensed Monetary PLANNER™ certification in 1986 and his Chartered Economical Analyst designation in 2008. He has also appeared regularly on CNBC, Fox Enterprise Community, and Wall Street Journal Radio. Scott has written numerous content and has been featured in the Wall Road Journal. He has authored two books, Reaching Your Fiscal Probable (Doubleday, 1999) and Five Key Classes from Prime Cash Professionals (John Wiley and Sons, 2005).
Commenting on the transaction, Scott stated: “We are dedicated to serving our purchasers with excellence. Portion of that responsibility features earning confident their demands, and families’ requires, are taken treatment of for a long time to occur, and beyond my organization life span. As a consequence, it became very clear we necessary to companion with an set up nationwide firm that could ensure continued significant-quality consumer service in perpetuity and current our workers with job growth possibilities. In that regard, I have acknowledged Dave Welling, CEO of Mercer Advisors, for decades, and maintain him in substantial regard. In discussing a possible small business mix, Dave referred me to David Barton, Mercer Advisors’ Vice Chairman who qualified prospects mergers and acquisitions. While we talked to a number of firms, Mercer Advisors was the most additive in phrases of expanded services we would be ready to supply our customers. After months of negotiations and planning with Dave Barton and other Mercer Advisors’ staff members, and notwithstanding COVID, here we are! We could not be a lot more energized about partnering with Mercer Advisors and glance ahead to a shiny foreseeable future with each other.”
David Barton who led this transaction on behalf of Mercer Advisors added: “What struck me about Scott and Kays Money, was the high quality of their staff. In a crew of seventeen, they have seven CFP® gurus, 4 CFA® charterholders, 4 Masters degrees, two CPAs, and a person doctorate. Scott and his excellent workforce delight them selves on offering expanded services to their clientele and operate as a in depth wealth manager. In this regard they are a ideal suit for Mercer Advisors since we are a household office environment entire with in-dwelling estate setting up lawyers, tax return preparing, and corporate trustee providers. Although COVID and standard socioeconomic uncertainty produced this deal, or any deal, tough to complete, Scott and his companions had been stand-up by it all, substantial integrity people today and a enjoyment to operate with.”
Dave Welling, Chief Executive Officer of Mercer Advisors reported, “I am honored and humbled that Scott and his exemplary workforce chosen Mercer Advisors as their associate. We glimpse at this as the formation of a strategic relationship that will permit us to serve clients for many years to arrive. When Scott approached me about the possibility of becoming a member of Mercer Advisors, of program I was delighted. Scott and his associates have crafted a wonderful and expanding RIA, uncommon in these times when numerous RIAs are battling with natural and organic development. The combination of our two companies presents a formidable juggernaut in Ga and the Southeast. We are fired up to join forces with the Kays crew and search forward to serving their consumers with expanded prosperity management products and services for several years to come.”
About Mercer Advisors
Set up in 1985, Mercer World wide Advisors Inc. (“Mercer Advisors”) is a total-service prosperity administration organization that specializes in delivering expenditure guidance, financial and estate organizing, and taxes, and company trustee and have faith in administration services. It is one of the major Registered Financial commitment Advisers and economical planning corporations in the U.S. with more than $24 billion in customer property. Headquartered in Denver, Mercer Advisors is privately held, has above 440 staff members, and operates nationally across the country with 45+ destinations. Mercer Advisors, Inc. is a dad or mum company of Mercer World-wide Advisors Inc. (RIA), vast majority owned by both Oak Hill Cash and Genstar Capital. Mercer Global Advisors has a related coverage agency. Mercer Advisors Coverage Companies, LLC (MAIS) is a wholly owned subsidiary of Mercer Advisors Inc. Workforce of Mercer Global Advisors provide as officers of MAIS. For Mercer World Advisors consumers who wish to order coverage merchandise, MAIS has entered into a non-exceptional referral settlement with Strategic Associate(s). A lot more details about MAIS and our Strategic Associates could be found in our Sort ADV 2A. Visit us at www.merceradvisors.com.
Knowledge as of December 31, 2020. AUM incorporates affiliates and wholly owned subsidiaries announced to date.
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