Home Life Insurance Mercer Nabs $2.5B UHNW Group

Mercer Nabs $2.5B UHNW Group

Mercer Nabs $2.5B UHNW Group


The RIA Mercer World Advisors says it’s buying MDK Non-public Wealth Administration, a agency primarily based in Seattle that works with ultra-high-net-worth shoppers with some $2.5 billion of property beneath supervision.

“One of many fastest-growing areas of our enterprise is our tailor-made providers for ultra-high-net-worth shoppers and we’re excited so as to add the MDK group to additional bolster our experience and capabilities in that space,” mentioned Dave Welling, CEO of Mercer Advisors, the dad or mum firm of Mercer World Advisors. 

MDK offers its shoppers with household workplace providers equivalent to funding administration, belief and property planning, non-public banking and lending, tax planning, non-public aviation, boat advisory and govt planning. Its leaders not too long ago “wished to construct out our scale making a platform for institutional and ongoing care,” co-founder Chris Kalafatis mentioned in a press release.

“We have been confronted with the choice of whether or not to construct this platform or decide if one existed that was aligned with our imaginative and prescient of what a nationwide household workplace providing may very well be,”  co-founder Jaimi Dennehy mentioned in a information launch. “After an exhaustive search, we selected to associate with Mercer Advisors.”



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