CW Advisors (CWA) announced the acquisition of Mercadien Asset Management, an RIA located in Hamilton, New Jersey. The terms of the deal were not disclosed.
The addition of the New Jersey location enhances CWA’s already presence in the Mid-Atlantic. And Hamilton joins CWA’s offices in Wynnewood, Pennsylvania and Columbia, Maryland. CWA now has nine offices across the US with 92 employees and over $8.8 billion of assets under management.
This deal was completed earlier this month and is the third acquisition for CWA since commencing its partnership with Audax Private Equity in June 2023.
KEY QUOTES:
“Ken and his team are outstanding. We are excited to welcome the team and their clients to CWA. With a strong focus on financial planning and client service, they are a great asset to the firm.”
- Paul Lonergan, Chief Executive Officer of CWA
“CWA’s philosophy and platform make them the perfect partner to continue providing quality service and an expanded offering to our clients.”
- Ken Kamen, President of Mercadien Asset Management, LLC
“Mercadien Asset Management represents an ideal partner to work with to expand our platform for high-net-worth and ultra-high-net-worth clients. It has been an exciting summer already welcoming two firms as we continue to complement CWA’s strong organic growth with strategic acquisitions that enhance the firm’s investment and service offerings.”
- Scott Dell’Orfano, Chief Strategic Officer at CWA
