Santa Barbara-based Mercer Advisors Inc., a national registered investment advisor, announced the acquisition of Traust Sollus, a wealth management firm specializing in providing high-net-worth individuals with investment management, financial planning and tax-planning strategies.
This is the largest RIA firm integration for Mercer; it adds two northeast offices, bringing the total office count to 29, and adds $420 million of assets under management, which increases Mercer’s overall AUM to $12 billion. The two additional office locations will serve clients in New York City and Princeton, N.J.
Among the new hires is Traust Sollus's president and CEO, Al Zdenek Jr. Also joining are Richard Weyers, who acted as Traust Sollus's COO and chief compliance officer, and Brian Picariello, the firm's head of wealth management. These three will bring their 26-person staff to Mercer.