Mercer Buys $5B RIA in Silicon Valley

Mercer Advisors says it is buying Regis Management Co., an RIA firm that works with ultra-high net worth clients, families, foundations and endowments in the San Francisco Bay Area and has about $5 billion in client assets.

“The business combination between Mercer Advisors and Regis is industry transforming as we integrate the power of the Mercer Advisors platform which includes our best people, process, and technology with the Regis team’s best ideas, people, and UHNW solutions,” according to Mercer Advisors CEO Dave Welling.

Denver-based Mercer Advisors, the parent company of $37 billion RIA Mercer Global Advisors, is majority owned by Oak Hill Capital and Genstar Capital; it opened in 1986. 

“Regis has built an industry leading, UHNW service offering that we believed not only complemented our service model, but indeed could operate as a top-tier solution set for clients with multigenerational wealth,” said David Barton, Mercer Advisors vice chairman and head of M&A, in a statement.