Benchmark Wealth Management Acquired by Mercer Advisors, Enhancing Northeast Presence for HNW Clients

Mercer Global Advisors, Inc. has expanded its reach in the Northeast with the recent acquisition of Benchmark Wealth Management, LLC.
A Holistic Approach:
Based in Old Lyme, Connecticut, Benchmark specializes in providing holistic financial planning and wealth management services to high-net-worth individuals, including professionals and retirees. The principals, Richard (Rick) Stout III, CFP® and Thomas (Tom) Britt, CFP®, joined forces in 2007 to establish Benchmark, now catering to over 300 clients with approximately $412M in assets under advisement.
Shared Values:
Mercer Advisors and Benchmark share a common philosophy centered around prioritizing client experience and financial planning. Stout emphasized their commitment to nurturing strong client relationships through comprehensive financial planning. The alignment of values made Mercer Advisors the ideal partner for Benchmark, ensuring continuity of top-tier service and the opportunity to expand service offerings such as estate planning and tax guidance.
Strategic Acquisition:
The acquisition was spearheaded by David Barton, Vice Chairman at Mercer Advisors, who lauded the expertise of Rick and Tom in managing high-net-worth clients. By integrating Benchmark's team and service model, Mercer Advisors gains valuable insights and strengthens its foothold in the Connecticut and Northeast markets.
Looking Ahead:
Dave Welling, CEO of Mercer Advisors, expressed excitement about the collaboration and the prospects of delivering enhanced outcomes for clients. The addition of Benchmark reinforces Mercer Advisors' dedication to financial planning excellence and client-centric solutions.
About Mercer Advisors:
With a rich history dating back to 1985, Mercer Global Advisors Inc. offers a comprehensive suite of wealth management and financial planning services. The firm, with over 1,150 employees nationwide, caters to clients through more than 90 locations, managing a total of $63 billion in client assets. As a leader in the industry, Mercer Advisors prides itself on delivering personalized solutions that align with clients' long-term financial goals. For more information, visit merceradvisors.com. This news release contains important information relevant as of July 31, 2024, including client assets under management, advisory services, and recent acquisitions. For legal and tax-related services, clients are directed to third-party partners unaffiliated with Mercer Advisors.
Disclaimer:
Mercer Advisors does not offer legal advice and any legal services are provided by independent third parties. Tax preparation services are separate from investment management offerings. Insurance solutions are facilitated through Mercer Advisors Insurance Services, LLC. The CFP® certification mark is owned by CFP Board, while CFA® and ChFC® are trademarks held by CFA Institute and The American College, respectively.