Mercer Acquires Los Angeles-Based Accounting Firm

You tin find archetypal nonfiction present WealthManagement. Subscribe to our escaped regular WealthManagement newsletters.

Mercer Advisors, the Denver-headquartered registered concern advisor with $90 cardinal successful assets, has acquired Beach Freeman Lim & Cleland, a Los Angeles-based accounting firm, representing its archetypal tax-only deal. 

Beach Freeman Lim & Cleland brings 20 taxation professionals crossed offices successful El Segundo, Irvine and Ontario, Calif. They service clients crossed industries, including healthcare, existent estate, instrumentality firms, construction, nonrecreational athletes and franchise businesses. Those professionals articulation Mercer, with full-time employees having the accidental to ain equity. 

The determination is simply a important measurement towards Mercer’s integration of taxation services into fiscal management. Mercer is seeking to grow its readying and mentation capabilities done partnerships with taxation firms.  

“This concern reflects our strategical absorption connected taxation arsenic a cornerstone of our household bureau acceptable of services,” said Jeremiah Barlow, main solutions serviceman astatine Mercer Advisors. “Kendrick Mercer, who founded our steadfast 40 years ago, was himself a taxation and property attorney.”

Mercer presently has a nationalist taxation squad of much than 120 professionals. 

“[BFLC’s] civilization of concern and investing successful CPA endowment precise overmuch mirrors our own. We couldn’t beryllium much excited to invited them to the Mercer Advisors family,” Mercer President Daniel Gourvitch said successful a statement. “Their beardown lawsuit relationships and Southern California beingness marque them a invaluable summation to Mercer Advisors arsenic we standard our taxation services successful cardinal markets.”

Gourvitch joined Mercer successful 2022 from BlackRock, wherever helium was a managing manager and planetary caput of level for its Aladdin business. He said 1 of the reasons helium joined the RIA was to assistance physique a wealthiness manager with the capabilities of a large, bank-owned firm, but with a fiduciary mindset.

This follows quality past period that Mercer acquired Singer Burke’s RIA, SB Capital Management, and Singer Burke Zimmer & Kogan, an accounting, tax, concern and fiscal consultancy. They joined Mercer’s ultra-high-net-worth-focused Regis Group, a specialized squad focused connected clients with $25 cardinal oregon much successful investable assets. 

Mercer is majority-owned by Oak Hill Capital, Genstar Capital, Altas Partners and GIC, a planetary organization investor.