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Mesirow Acquires Florida RIA, Expands Southeast Presence
The transaction is part of the US firm's intention to expand its presence in the Southeast of the US.
Mesirow, a Chicago-headquartered financial services firm, has bought Price Wealth Management, an RIA firm based in Stuart, Florida.
The transaction has built upon Mesirow’s footprint in the area, which also includes offices in Miami and Boca Raton.
DeVoe & Company, a consulting firm, represented Price Wealth Management in the transaction – the financial terms of which were not disclosed.
The deal sees the addition of Craig Price, CFP®, CTFA, and Nancy Zehr, CTFA, senior client relationship specialist.
In March, Mesirow appointed Brian D Price as CEO of Mesirow Wealth Management.
Mesirow Wealth Management, which has more than $11.4 billion in assets under management/assets under advisement, intends to continue expanding its headcount and presence in Florida’s West Coast in the next two to three years. The strategy will include opening offices across the Southeast, and expanding through organic growth, and opportunistic lift-ins and bolt-on acquisitions where opportunities arise.
