World Focus

Mercer Advisors Expands Its Influence in the Northwest USA

Mercer, a leading player in acquiring wealth management firms across North America, has recently added MDK Private Wealth Management to its portfolio through a strategic acquisition, further emphasizing its aggressive expansion strategy.

The specifics regarding the financial aspects of the deal remain undisclosed.

Based in Seattle, Washington, MDK Private Wealth Management, managing assets exceeding $2.5 billion, caters to the ultra-high net worth segment with a focus on goal-oriented planning. The company, established in 2020 by founders Paul Meyer, Jaimi Dennehy, and Chris Kalafatis, provides an array of services designed for affluent families, encompassing financial planning, investment oversight, and various specialized services such as trust and estate planning, tax strategy, and more.

This move marks the continuation of Mercer's active involvement in mergers and acquisitions, following the procurement of River Glen Wealth Counselors and Transitions Wealth Management earlier in the year.

David Barton, Vice Chairman of Mercer Advisors, led the acquisition and highlighted the unique and comprehensive services offered by MDK's team, underlining the mutual benefits and synergy between the two entities. Dave Welling, CEO of Mercer Advisors, expressed enthusiasm for enhancing the company's offerings to ultra-high net worth clients and solidifying Mercer's presence in the Pacific Northwest, particularly in the Seattle area.

MDK Private Wealth Management's advisory needs were met by Park Sutton Advisors, part of the Waller Helms Company, with legal guidance from Carney Badley Spellman.

Mercer Advisors operates nationwide, with over 80 offices managing client assets totaling more than $56 billion, showcasing its significant footprint in the wealth management and financial planning industry.