Wescott Financial Advisory Group Acquires Merck-focused Asset Planning Services.
MANews-(C)2009-2021
US-based registered investment advisory and wealth management firm Wescott Financial Advisory Group has agreed to acquire fee-only, multi-faceted wealth management firm Asset Planning Services, the firm said.
With the majority of their client base comprised of current and retired executives of US drugmaker Merck (NYSE: MRK) and other pharmaceutical executives and their families, APS offers these clients a specialized planning solution where they, and their financial goals, directly benefit from the team's intrinsic knowledge of Merck's complex compensation packages, as they have been since 1987.
APS currently manages USD 800m in assets, bringing Wescott's total AUM to USD 3.5bn...
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