Mercer Global Advisors Inc. today said it has purchased Kays Financial Advisory Corp., an Atlanta-based registered investment advisor that provides wealth management services to roughly 700 high-net-worth clients with total assets north of $800 million. The transaction closed on November 30, and deal terms weren’t disclosed.
Scott Kays, a certified financial analyst and certified financial planner, founded Kays Financial Advisory in 1985. He and his 16-person team, including five co-shareholders, will make the transition to Mercer Global Advisors.
The steady stream of acquisitions made by Denver-based Mercer Global Advisors since 2016 has transformed it into one of the nation’s largest RIAs. Meanwhile, the company has bolstered its capabilities to create a soup-to-nuts suite of products and services that includes investment advice; financial, estate and tax planning; and corporate trustee and trust administration services.
With the addition of Kays Financial Advisory, the company's national footprint now consists of more than 45 offices, 440 employees and assets under management exceeding $24 billion.
Mercer Global Advisors is a privately held entity under the umbrella of Mercer Advisors Inc., which is majority owned by Oak Hill Capital and Genstar Capital.