Transactions

Epstein & White Financial Has Been Acquired By Mercer Global Advisors

New York, NY, March 11, 2021 –  Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented Epstein & White Financial, LLC (“EWF”) on its announced acquisition by Mercer Global Advisors, Inc. (“Mercer”), a leading privately-owned registered investment adviser (“RIA”) with over $28 billion in assets under management and headquartered in Denver, Colorado. Based in San Diego, California, EWF is an RIA that services approximately 1,300 clients with assets of $740 million, that focuses on financial planning and working with pre-retirees and retirees. Terms of the transaction were not disclosed.

Brad White, EWF’s Founder stated, “Ours is a fast-growing comprehensive wealth management firm. We know how to win new clients, but we also realized that at the pace we are growing we needed to add significant scale and corporate architecture. We needed to partner with a fully institutionalized RIA that had built out fully scaled middle and back office functionality that could handle our explosive growth. Mercer Advisors not only provides all the resources and support we need to support our growth, but also enhanced our client service offering through the provisioning of their in-house family office services like estate planning, tax consulting and return preparation, and corporate trustee services.”

David Barton, Vice Chairman, who led this transaction on behalf of Mercer Advisors added, “Brad is a “creative”, a marketing whiz kid who has built something truly unique. His marketing engine reliably produces new clients in volume through his proven techniques. We believe we can take what Brad is doing in Southern California and syndicate his programs nationwide adding more firepower to our already significant marketing and sales platform.”

Dan Erichson, CFA, a Park Sutton Advisors Vice President, who co-led the transaction said, “Brad is the youngest founder, at just 33, and EWF among the fastest-growing firms, ever represented by Park Sutton. Brad had the foresight to understand that as the business was growing rapidly, it was critical to gain the scale, support, and expanded service offering of an organization like Mercer. We couldn’t be more thrilled to see the EWF team align with their partner of choice.” Steven Levitt, Founder of Park Sutton Advisors added, “Brad is one of the most impressive young leaders we have had the privilege to advise. We look forward to seeing Mercer leverage his and the team’s skillset across the broader organization.”