M&A
Mercer Global Advisors
The registered investment adviser (RIA) firm has made two acquisitions in a week.
It has merged with HYA Advisors, a Springfield, Missouri-headquartered wealth firm which serves around 1,000 clients and has approximately $1.2bn (£910m, €1bn) in assets under management and advice (AuMA).
The financial terms of the deal were not disclosed.
Mercer has also bought Sanford Advisory Services for an undisclosed sum.
Sanford is based in Portage, Michigan and has 1,100 clients with around $1.1bn in AuMA.
Cerity Partners
Independent wealth management firm Cerity Partners has merged with Permit Capital Advisors.
Permit caters to ultra-high net worth families and foundations within the Philadelphia region.
The combined firms will operate under the Cerity name and brand.
The financial terms of the deal were not disclosed.
People Moves
Northwestern Mutual
The Milwaukee-based life insurance company has promoted Jeff Sippel to executive vice president and chief information officer.
He joined the firm in 2019 as vice president of client experience to lead the digital and financial planning strategies.
Loomis, Sayles & Co
The investment management firm hired Colleen Denzler as head of ESG, based in Boston.
Most recently, she led the ESG integration process at Smith Capital investors.
