The RIA Mercer World Advisors says it’s buying MDK Personal Wealth Administration, a agency based mostly in Seattle that works with ultra-high-net-worth purchasers with some $2.5 billion of property beneath supervision.
“One of many fastest-growing areas of our enterprise is our tailor-made companies for ultra-high-net-worth purchasers and we’re excited so as to add the MDK workforce to additional bolster our experience and capabilities in that space,” mentioned Dave Welling, CEO of Mercer Advisors, the mother or father firm of Mercer World Advisors.
MDK supplies its purchasers with household workplace companies akin to funding administration, belief and property planning, non-public banking and lending, tax planning, non-public aviation, boat advisory and govt planning. Its leaders lately “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 might be,” co-founder Jaimi Dennehy mentioned in a information launch. “After an exhaustive search, we selected to companion with Mercer Advisors.”