Mercer Global Advisors Inc., a full-service wealth management firm and national RIA, has purchased Cordasco Financial Network Inc., a wealth management firm based in Naples, Florida.
CFN serves over 400 clients with assets under management worth around $510 million. The firm delivers financial planning and portfolio management to HNWs, families and corporate clients. The deal adds CFNs strategy of combining expertise and customized services to guide their clients’ financial planning.
“I’ve built an RIA firm that delivers ‘tax-centric’ financial planning advice and employs multiple CPAs to make sure client tax consequence is considered and optimized as part of their overall financial planning experience,” stated Steve Cordasco, founder of CFN. “Contextually, we focus on where life meets wealth. In this regard, we provide multidisciplinary advice to our clients through CFP professionals working hand-in-hand with our CPAs to provide holistic advice to our clientele.”
“Steve has built a great business and strong team, and they are highly respected wealth management professionals,” added Dave Welling, Mercer CEO. “In all respects, this union adds to our culture, our expertise and our commitment to local markets. We look forward to working together as we strive to deliver outsized results for our clientele.”
Advisor Growth Strategies, LLC represented CFN in this transaction.