In a major financial shake-up, Mercer Global Advisors has acquired Singer Burke, a prestigious wealth manager and tax consultancy in Hollywood. This significant acquisition adds $1.2 billion in assets to Mercer’s already impressive portfolio, further consolidating its position in the wealth management sector.Amplifying the Focus on Ultra-High-Net-Worth IndividualsSinger Burke’s integration into Mercer’s Regis Group signifies a strategic expansion into the entertainment and creative professional segment. According to WealthManagement.com, this addition will offer Mercer a unique anchor point that highlights their commitment to catering to clients with $25 million or more in investable assets. Mercer’s President, Daniel Gourvitch, emphasized that the Regis Group is the fastest-growing arm of their firm, serving private market investors, technology executives, and business owners poised to sell.A Fusion of Expertise and InnovationThe merger brings together Singer Burke’s renowned expertise in handling the finances of Hollywood’s elite with Mercer’s broader reach. Founded by Sandy Singer in 1972, this esteemed firm has been at the forefront of managing wealth and taxes for industry bigwigs such as producers, actors, and musicians. Now under the leadership of Matthew Burke and his team, this move allows Singer Burke to enhance its offerings with Mercer’s professional management team and technology.An Unparalleled Family Office Experience“Mercer enhances our ability to provide a comprehensive family office experience,” noted Ted Motheral, a new principal in Mercer’s M&A partner development. As noted in the acquisition announcement, the partnership aims at expanding Client services, including estate planning, in a market brimming with successful families.Strengthening the Foundation with Tax ExpertiseSinger Burke not only contributes its wealth management expertise but also augments Mercer’s tax and business management services. With over 200 professionals currently working in Mercer’s tax domain, this integration promises to bolster services tailored for high-net-worth clientele. “We have a boutique RIA core, offering unmatched thought leadership without the usual trade-offs,” Gourvitch stated, highlighting Mercer’s competitive edge.A Strategic Partnership Fueled by Shared VisionIn this strategic union, Mercer is focused on building a wealth management empire with both the capabilities of large institutions and the fiduciary focus that clients value. As Mercer is majority-owned by powerful investors like Oak Hill and Genstar Capital, this acquisition showcases its commitment to growth without sacrificing the personalized approach Mercer is known for.The future looks promising for Mercer Global Advisors as it continues to redefine wealth management with innovative strategies and prestigious partnerships. With the acquisition of Singer Burke, Mercer is poised to solidify its place as a powerhouse catering to the affluent and creative professionals of Hollywood.