Mercer Global Advisors, (Mercer Advisors), a national Registered Investment Adviser (RIA) majority owned by both Oak Hill Capital and Genstar Capital, has acquired Miller Advisors (Miller), a wealth management firm located in Kirkland, Washington.
Miller serves approximately 200 clients with assets under management (AUM) of approximately USD240 million. Miller was founded by Kathleen Miller, CFP, CDFA joined by her daughter Nicole Miller, CFP, CDFA, offering comprehensive wealth management services to its high-net-worth individuals, families, and their businesses, as well as planning for divorcing couples. The entire Miller team will also be joining Mercer Advisors.
Kathleen Miller (“Kathleen”), CFP®, CDFA™, President and CEO, states: “I founded Miller Advisors to help empower people to take charge of their financial lives. I enjoy working with clients, one-to-one, to identify objectives, manage and preserve wealth, and transfer it to the next generation based on their family values.” Kathleen has been an industry leader supporting women’s initiatives and a pioneer in the divorce planning area, including a published author with the book, “Fair Share Divorce for Women.” Nicole Miller, CFP®, CDFA™, Managing Partner and co-owner, brings the perspective of the next generation to the financial planning process. Her expertise lies in utilising multi-generational strategies when working with clients and their families. In addition to her advisory work, she manages the day-to-day operations of the business.
Commenting on the transaction, Kathleen Miller says: “Our clients are at the foundation of what we do and who we are as a firm. Finding a partner with a similar mission of putting clients first and offering lifecycle planning using financial planning principles was essential to us.”
Nicole Miller, Managing Partner, adds: “In our conversations with Dave Barton and the Mercer team, we came to realize the synergies across our firms. With this partnership, we have the opportunity to collaborate with a network of advisors around the country while maintaining our personalized approach with our clients.”
David Barton, Vice Chairman, who led this transaction on behalf of Mercer Advisors adds: “Kathleen and Nicole have built a successful business and were looking for support in their succession plan as well as providing career development opportunities for their team. We (Mercer) were looking at their expansive expertise in divorce consulting and women’s advocacy, something we strongly support. Our firms are both compatible and complementary, a true win-win.”
Dave Welling, Chief Executive Officer of Mercer Advisors, says, “Kathleen and Nicole have assembled a strong team and are highly respected. Their involvement and contributions to their community and local philanthropic organizations demonstrates their strong character. This is the ninth women-led firm we have partnered with and they represent the type of talent we seek to add to our team. We are excited to partner with the Miller team and look forward to serving their clients with expanded wealth management services for years to come.”
