Mesirow, an independent employee-owned financial services firm, announced the acquisition of Price Wealth Management, an established RIA firm based in Stuart, Florida. This deal builds on Mesirow’s significant existing footprint in the area, including offices in Miami and Boca Raton. Price Wealth Management was represented by DeVoe & Company, a leading consulting firm and investment bank to RIAs.
With the addition of Craig Price, CFP, CTFA, and Nancy Zehr, CTFA, Senior Client Relationship Specialist, Mesirow clients and prospects in Southeast Florida gain proximity to an experienced Wealth Advisor with a firsthand understanding of planning considerations specific to the Florida region and focus on comprehensive financial planning. Price and the team will gain access to a broader range of investment research resources and the ability to grow their practice, which is backed by Mesirow’s strong resources and reputation.
Over the next 2-3 years, the firm plans on growing its headcount, with an initial focus on Wealth Management and Capital Markets, including corporate and governmental clients while also expanding a presence along the west coast of Florida. Over the intermediate to longer-term, the goal is to grow across the greater Southeast region and open offices in locations to best serve clients and expand organically and through opportunistic.
Mesirow Wealth Management has over $11.4 billion in assets under management / assets under advisement and Mesirow overall has $288.1 billion in assets under supervision.
KEY QUOTES:
“This transaction aligns with our focus on serving a growing base of wealth management clients, advancing the firm’s footprint in Florida and the regional Southeast, and combining ongoing organic growth with strategic acquisitions in the wealth space.”
– Brian Price, CEO of Mesirow Wealth Management
“We are excited to join Mesirow Wealth Management and know that our business philosophy and personal values are well aligned with the company’s culture. We look forward to deepening Mesirow’s Wealth Management presence in Florida and continuing to advise the families we have long served.”
– Craig Price
