Mercer acquires $510 million Florida RIA

Mercer Global Advisors, a Denver-based firm managing $37 billion in assets, has acquired Cordasco Financial Network, a registered investment adviser managing $510 million in Naples, Florida.

Terms of the acquisition were not disclosed.

Cordasco, which was founded in 2011 by Steve Cordasco, has more than 400 clients. Its entire team has joined Mercer.

[More: RIAs see M&A momentum gaining steam in ’22]

The post Mercer acquires $510 million Florida RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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