Acquisition of Wrenn Financial Strategies, Inc., Expands Mercer Advisors’ North Carolina Presence
Mercer Global Advisors, Inc. (“Mercer Advisors”), a full-service wealth management firm and national Registered Investment Adviser (RIA), announced the acquisition of Wrenn Financial Strategies, Inc., (“Wrenn”), a respected wealth management firm located in Raleigh, North Carolina. Wrenn serves over 150 clients with assets under management (AUM) of approximately $238 million. Wrenn was founded by Maxie Edward Wrenn, Jr. (“Max”), President and CFP, and Janice Wrenn (“Janice”), Vice President and CFP®, in 1988. Wrenn offers comprehensive financial planning and portfolio management to high-net-worth individuals, families, and corporate clientele. Wrenn’s team will be joining Mercer Advisors.
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Wrenn is focused on providing leading financial planning and investment management services to its clients using an ensemble team approach among Wrenn’s three CERTIFIED FINANCIAL PLANNER™ professionals and other team members. Wrenn is committed to serving their clients with excellence by providing robust financial advice to help ensure their clients’ needs are met with the highest quality care and service.
Commenting on the transaction, Co-Founder Max Wrenn stated: “Janice and I are at that stage in our careers where business succession, or transition planning, was a top-of-mind awareness. We have a fiduciary duty to our clients to make sure they are taken care of if, and when, we choose to retire. In that regard, we were looking to find a partner that we knew would take care of our clients and their families and descendants for years to come at the highest level. We did our due diligence, and Mercer Advisors was that partner for us.” Co-Founder Janice Wrenn added: “We are dedicated to our clients and committed to serving, comprehensively, all their financial needs. Likewise, we are committed to the success and development of our staff. In our meetings with Dave Barton, Vice Chairman who heads up mergers and acquisitions for Mercer Advisors, and who was also CEO for many years, we found they shared those same core values, and that was really important for us. We know our clients and staff will be well taken care of, not to mention having more services available to them like in-house estate and tax planning. Joining Mercer Advisors was a perfect fit for us, for our clients, and provides significant career development opportunities for our staff. We are thrilled to be joining the Mercer Advisors team.”
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David Barton, Vice Chairman who led this transaction on behalf of Mercer Advisors added: “Max and Janice are salt of the earth people and have built strong relationships with their clients. They have also assembled a strong team which is very important to us. Our industry is starving for talent and we use M&A as an opportunity to acquire it. We are a fast-growing national RIA and the need to continually add high quality professionals to serve our growing client base is ever present. M&A is a great tool to add high quality, seasoned professionals, and simultaneously add new capabilities. Wrenn does just that. We couldn’t be happier to partner with Max and Janice and their wonderful team!”
Dave Welling, Chief Executive Officer of Mercer Advisors said, “Max and Janice are highly respected wealth management professionals and have built a great team focused on serving clients and engaging in their local community. We are also excited to expand our presence in the Carolinas through adding a key location in Raleigh.”
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