Transactions

Lake Point Management Has Been Acquired By Mercer Global Advisors

New York, NY, October 22, 2021 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have represented Lake Point Wealth Management, LLC (“LPWM”) on its announced acquisition by Mercer Global Advisors, Inc. (“Mercer”), a leading privately-owned registered investment adviser (“RIA”) with over $32 billion in assets under management and headquartered in Denver, Colorado. Based in Dallas- Forth Worth, Texas, LPWM is an RIA that services several hundred clients with assets of $700 million, that focuses on comprehensive financial planning to mass affluent and HNW individuals. Terms of the transaction were not disclosed.

Reid Johnson, Founder of LPWM comments, “We are a fast-growing firm, and we needed the scale and advisor support necessary to onboard the strong stream of clients we add each month …[I] was very impressed with their family office business model and the opportunity to offer my clients additional services like in-house estate planning, tax return preparation and corporate trustee services.”

“Reid is a marketing genius, a growth savant. His skill sets in building multichannel marketing strategies are rare and as excited as he is to join us, we are just as excited to add his expertise to our marketing platform. Our combination is perfectly complementary,” said David Barton, Vice Chairman of Mercer.

Dan Erichson, CFA, a Park Sutton Advisors Director, who led the transaction said, “I first met Reid through a mutual connection, Brad White, Founder of Epstein & White Financial, a firm that Park Sutton represented earlier this year. I couldn’t be happier to have helped Reid find his group of choice in Mercer and join his (and my) friend Brad. What an unbelievable duo they will be in supercharging Mercer’s already robust growth.” Steven Levitt, Founder of Park Sutton Advisors, added, “We are so pleased to see this strategic partnership come together and to have returned to Dallas for our second closed transaction in the city this year and fifth in Texas in the past two years. Reid’s natural talent to drive growth will further cement Mercer’s geographic footprint in the attractive Dallas-Fort Worth Metroplex.”