Mercer Advisors has acquired Traust Sollus Wealth Management, a boutique wealth management firm emphasizing sophisticated financial planning, investment management and tax planning strategies for high net worth individuals.
The addition of Traust Sollus' New York City and Princeton, NJ offices deepens Mercer's footprint in the Northeast, brings Mercer's total offices to 29 and, with $420 million of assets under management (AUM), increases Mercer's AUM to more than $12 billion.
Traust Sollus was founded in 1982 as a CPA firm before transitioning to a registered investment advisor by Al Zdenek, Jr., TS's president and CEO. TS provides a family office suite of services to its high net worth and ultra-high net worth clientele, and prepares over 650 tax returns each year on behalf of clients.
In addition to Zdenek, the senior management team consists of Richard Weyers, COO and CCO, and Brian Picariello, head of wealth management, and their 26-person staff, will join Mercer.
