Mercer acquires $140 million RIA CCP

The staff of CCP will join an existing Mercer office in Chicago

Mercer Global Advisors has acquired CCP Inc., a registered investment adviser in Chicago that manages $140 million.

The firm is owned by Steve Roberts, who will be joining an existing Mercer office in Chicago along with Carin Pankros Roman and the entire CCP staff. Terms of the acquisition were not disclosed.

[More: RIAs acquiring firms at record pace]

Like Mercer Advisors, CCP was founded in 1985. In 2009, Mr. Roberts became its owner, president and chief compliance officer.

[More: Private-equity firm acquires stake in Mercer Advisors]

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