Mercer Global Advisors – a national Registered Investment Adviser (RIA) – announced the acquisition of Benchmark Wealth Management.
Based in Old Lyme, Connecticut, Benchmark offers holistic financial planning and wealth management for high-net-worth professionals and retirees. And the firm’s principals Richard (Rick) Stout III, CFP and Thomas (Tom) Britt, CFP merged their separate practices in 2007 to form Benchmark. Now they serve over 300 clients, primarily high-net-worth, representing about $412 million in assets under advisement.
Benchmark Wealth Management was represented by DeVoe & Company, which is a leading consulting firm and investment bank to RIAs.
KEY QUOTES:
“We have spent nearly two decades building a client experience that is focused on building depth and trust in our client relationships. Financial planning, which is at the core of how we operate, is foundational to how we deliver on the white-glove experience that we promise. Once we got to know the team at Mercer Advisors, we became confident that our clients would continue to receive top-notch care and that we would have opportunities to further deepen these relationships by adding services such as estate planning, tax guidance, and more.”
– Richard (Rick) Stout III, CFP
“Rick and Tom are highly experienced planners with sophistication in managing larger clients. In addition to a like-minded service model, Mercer Advisors gains additional expertise in serving high-net-worth clients and more coverage in an important market for us.”
– David Barton, Vice Chairman, who led the acquisition of Benchmark on behalf of Mercer Advisors
“With both firms anchoring on financial planning and client experience, it was easy to see that the Benchmark team would fit right in and integrate smoothly. We are thrilled they are joining the Mercer Advisors team and bolstering our growing presence in Connecticut and the Northeast area. We look forward to working together to help deliver meaningful results for our shared clients.”
– Dave Welling, CEO of Mercer Advisors
