CW Advisors Acquires Mercadien Asset Management

On Jul 19, 2024

CW Advisors, LLC (CWA), a registered investment advisor (RIA) headquartered in Boston, announced the acquisition of Mercadien Asset Management, LLC, an RIA located in Hamilton. Terms of the transaction were not disclosed.

“Ken and his team are outstanding,” said Paul Lonergan, chief executive officer of CWA. “We are excited to welcome the team and their clients to CWA. With a strong focus on financial planning and client service, they are a great asset to the firm.”

The addition of the New Jersey location enhances CWA’s already robust presence in the Mid-Atlantic. Hamilton joins CWA’s offices in Wynnewood, Pennsylvania and Columbia, Maryland. CWA now has nine offices across the United States with 92 employees and over $8.8 billion of assets under management.

“CWA’s philosophy and platform make them the perfect partner to continue providing quality service and an expanded offering to our clients,” noted Ken Kamen, president of Mercadien Asset Management, LLC.

The deal was completed earlier this month and is the third acquisition for CWA since commencing its partnership with Audax Private Equity in June 2023.

“Mercadien Asset Management represents an ideal partner to work with to expand our platform for high-net-worth and ultra-high-net-worth clients,” added Scott Dell’Orfano, chief strategic officer at CWA. “It has been an exciting summer already welcoming two firms as we continue to complement CWA’s strong organic growth with strategic acquisitions that enhance the firm’s investment and service offerings.”

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