Mesirow, an independent, employee-owned financial services firm, announced the acquisition of Price Wealth Management, an established RIA firm based in Stuart, Florida. This transaction builds upon Mesirow’s significant existing footprint in the area, which also includes offices in Miami and Boca Raton. Price Wealth Management was represented by DeVoe & Company, a leading consulting firm and investment bank to RIAs.
“This transaction aligns with our focus on serving a growing base of wealth management clients, advancing the firm’s footprint in Florida and the regional Southeast, and combining ongoing organic growth with strategic acquisitions in the wealth space,” said Brian Price, CEO of Mesirow Wealth Management.
With the addition of Craig Price, CFP®, CTFA, and Nancy Zehr, CTFA, Senior Client Relationship Specialist, Mesirow clients and prospects in Southeast Florida gain proximity to an experienced Wealth Advisor with firsthand understanding of planning considerations specific to the Florida region and focus on comprehensive financial planning. Price and his team will gain access to a broader range of investment research resources and the ability to grow their practice backed by Mesirow’s strong resources and reputation.
“We are excited to join Mesirow Wealth Management and know that our business philosophy and personal values are well aligned with the company’s culture,” said Craig Price. “We look forward to deepening Mesirow’s Wealth Management presence in Florida and continuing to advise the families we have long served.”
Over the next 2-3 years, the firm plans to grow its headcount, with an initial focus on Wealth Management and Capital Markets, including corporate and governmental clients, while also expanding its presence along the west coast of Florida. Over the intermediate to longer-term, the goal is to grow across the greater Southeast region, opening offices in locations to best serve clients and expand organically and through opportunistic, complementary lift-ins and bolt-on acquisitions.
Mesirow Wealth Management has more than $11.4 billion in assets under management / assets under advisement, and Mesirow overall has $288.1 billion in assets under supervision.
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