About First Mercantile
First Mercantile is a company based in Memphis (United States) founded in 1972 was acquired by Mid Atlantic Capital Group in December 2018.. First Mercantile has completed 1 acquisition, including American Trust Retirement. First Mercantile offers products and services including WorkSaveRetire, Fiduciary Services, and Investment Solutions. First Mercantile operates in a competitive market with competitors including Fidelity Investments, Investec, Morgan Stanley, Northwestern Mutual and Principal, among others.
- Headquarter Memphis, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name American Trust Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Mid Atlantic Capital Group
(Dec 03, 2018)
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Products & Services of First Mercantile
First Mercantile offers a comprehensive portfolio of products and services, including WorkSaveRetire, Fiduciary Services, and Investment Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Streamlines retirement plan operations for sponsors and participants.
Provides oversight and compliance for retirement investments.
Offers customized investment options for retirement plans.
Funding Insights of First Mercantile
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in First Mercantile
First Mercantile has secured backing from 1 investor. Prominent investors backing the company include Mid Atlantic Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Futures and options brokerage services are provided to clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by First Mercantile
First Mercantile has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include American Trust Retirement. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Retirement planning services have been provided since 1911.
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1911 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - First Mercantile
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
First Mercantile Comparisons
Competitors of First Mercantile
First Mercantile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity Investments, Investec, Morgan Stanley, Northwestern Mutual and Principal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Wealth management, investment advisory, and financial services are provided.
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| domain | founded_year | HQ Location |
Northwestern Mutual is engaged in financial planning and insurance services.
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| domain | founded_year | HQ Location |
Retirement, investment, and insurance products and services are provided.
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| domain | founded_year | HQ Location |
Asset management and investment advisory services are provided to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on First Mercantile
Frequently Asked Questions about First Mercantile
When was First Mercantile founded?
First Mercantile was founded in 1972.
Where is First Mercantile located?
First Mercantile is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
What does First Mercantile do?
First Mercantile was established in 1972 in Memphis, United States. Operations are conducted in the financial services sector, with a focus on diversified investment management. Portfolio advisory, asset allocation, and related services are offered to clients. The firm maintains its headquarters in Memphis, serving investors primarily within the United States market. Core activities encompass managing investments across equities, fixed income, and alternative assets.
Who are the top competitors of First Mercantile?
First Mercantile's top competitors include Fidelity Investments, Investec and S&P Global.
What products or services does First Mercantile offer?
First Mercantile offers WorkSaveRetire, Fiduciary Services, and Investment Solutions.
How many acquisitions has First Mercantile made?
First Mercantile has made 1 acquisition, including American Trust Retirement.
Who are First Mercantile's investors?
First Mercantile has 1 investor. Key investors include Mid Atlantic Capital Group.