Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
has been acquired by
Financial Advisor to Paragon Wealth Strategies, LLC December 2023
Park Sutton Advises Paragon Wealth Strategies, a Top Florida RIA
Industry: Investment Services
Type: Sell-Side M&A

Park Sutton Advisors, a Waller Helms Company (“Park Sutton”) is pleased to have represented Paragon Wealth Strategies, LLC (“PWS”) on its acquisition by Mercer Global Advisors Inc. (“Mercer Advisors”), a leading RIA with $52 billion of AUM and headquartered in Denver, Colorado. Co-founded in 2008 by Jon Castle and Michelle Ash, PWS is a fee-only, independent RIA based in Jacksonville, Florida, with approximately $500 million of AUM.

“The partnership with Mercer Advisors aligns with our client-centric approach and equips us with additional capabilities to enhance our service proposition for clients across their entire financial portfolio,” said Jon Castle, Managing Partner of PWS. Michelle Ash, Managing Partner of PWS added, “Our goal throughout the process was to identify a partner with whom we could assure our clients that post-transaction our team would be better able to cater to their specific needs. I can confidently say on behalf of PWS, we have found that partner with Mercer.”

David Barton, Vice Chairman of Mercer Advisors, stated, “PWS has an excellent leadership team, talented staff, and values that fit in seamlessly with Mercer. We are excited to expand into Jacksonville and could not be more thrilled about this partnership.”

Park Sutton Managing Director, John Eubanks, led the transaction. He commented, “Strong demand has continued for rapidly growing, high-quality firms situated in appealing markets. PWS checks all the boxes and has been a pleasure to work with. We wish both firms a long, successful partnership.”