Mercer Global Advisors today announced the acquisition of Kingfisher Capital LLC, a Charlotte, N.C.-based wealth management firm with about $630 million in assets under management.

Founded in 1989 by Alexander B. Miles and H.K. Hallett, Kingfisher Capital (KC) provides comprehensive wealth management services with a “distinct family office approach to client care,” a press release said.

“Kingfisher is dedicated to preserving and growing our clients’ hard-earned assets, while serving as their trusted advisor and confidante,” Miles said in a statement. “For me, H.K., and our team we could not be more thrilled to be joining Mercer Advisors so we can continue to provide high caliber financial care to our clients whom we consider family for generations to come.”

Hallett said that the firm embarked on a comprehensive search and after meeting with Mercer Advisors Vice Chairman David Barton, who leads mergers and acquisitions for the firm, “we knew we had found the right partner that was not only a national family office RIA with institutional investment capabilities, but also a firm with dozens of estate planning lawyers, a dedicated team of CPAs and other tax professionals, and corporate trustee and other services in-house, and all under one roof."

Barton said that Miles and Hallett have a high-quality family office business with “an exceptional team of professionals. In our industry, you are only as good as your people, and we believe their people, like our people, are top notch. ... The winners of course, are the clients. KC is a respected and fast-growing firm in North Carolina and beyond, and they significantly bolster our Southern presence.”

Dave Welling, Mercer Advisors CEO, said Mercer Advisors’ mission is to build the nation’s leading fiduciary-based wealth management firm.  “Alex and H.K. are high-integrity professionals with a fantastic team. … Together with our already strong presence in the South/Southeast, we present a formidable juggernaut. We are thrilled they are joining the Mercer Advisors team and look forward to working together to deliver meaningful results for our shared clients.”

Mercer Advisors, a parent company of Mercer Global Advisors, is majority owned by both Oak Hill Capital and Genstar Capital. The firm, established in 1985, has more than $52 billion in client assets, along with more than 960 employees in more than 70 offices across the country.