Mercer Global Advisors Inc. today announced that it has acquired Regis Management Company LLC, a $5 billion Silicon Valley firm that serves ultra-wealthy clients, multigenerational families and foundations and endowments.
Co-founded by managing partner Robert Burlinson in 2000, Regis serves clients nationwide and has offices in San Francisco and Menlo Park. Its leadership team also includes Peter Gifford, partner and president; Stephen Donahue, partner; Matthew Krensky, partner; and Steven Go, partner and COO.
Regis “is a premier provider of alternative investment management and multigenerational wealth planning and will be able to leverage Mercer Advisors’ expansive array of in-house family office services, such as estate planning, tax consulting and return preparation, and trustee services,” Mercer said in a news release.
Burlinson, in a statement, noted that they wanted to partner with a national firm that shares their mission, vision and values. “We have built a business designed to service our clients’ needs through multiple generations. Partnering with Mercer Advisors will allow us to attract, train, and retain world class talent to ensure best in class service beyond our lifetimes,” he said. “We have a fiduciary duty to ensure the continued and uninterrupted care of our clients, and in fulfilling that duty of care, we searched for the best partner for us and our clients that would ensure our boutique, white glove approach to client care is continued for generations to come."
Gifford added that after vetting several potential partners, the team knew they had found the right partner when they met with David Barton, Mercer Advisors vice chairman and M&A leader. He said as the founder of Mercer Advisors’ family office business model Barton’s “vision of serving all the financial needs of clients and doing so at the highest level with subject matter experts, mirrored our vision of high-quality client care.”
Barton said that “Regis has built an industry leading, UHNW (ultra-high-net-worth) service offering that we believed not only complemented our service model, but indeed could operate as a top-tier solution set for clients with multigenerational wealth and the complex issues and needs this unique group experiences, and the expertise they demand … A true win-win for both parties and, best of all, a big win for our clients.”
Added CEO Dave Welling, “The business combination between Mercer Advisors and Regis is industry transforming as we integrate the power of the Mercer Advisors platform which includes our best people, process, and technology with the Regis team’s best ideas, people, and UHNW solutions. This extends our vision of building out a transformative RIA platform that represents excellence at every level and maintains our steadfast dedication to acting in our clients’ best interests. We are thrilled Regis is joining the Mercer Advisors team and look forward to working together to help deliver meaningful results for our shared clients.”
Headquartered in Denver, Colo., Mercer Advisors is privately held, has more than 800 employees and manages more than $37 billion in client assets. The firm operates nationally through 90-plus offices across the country.