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Mercer Doubles AUM in 2 Years, Opens New HQ

By Alex Padalka February 20, 2018

RIA integrator Mercer Advisors’ recent acquisitions spree, combined with organic asset growth, has led to a doubling of its assets under management over the past 24 months, the company says in a press release.

The company has added 13 RIA firms that brought on $4 billion in the past two years — eight of which came on board in 2017 and added $1.2 billion, Mercer says. And Dave Welling, the company’s CEO, says in the press release that Mercer has a “robust pipeline” of new candidates for acquisitions.

“The current macro trends impacting the wealth management industry point to a growing consolidation of RIAs looking to partner with a well-resourced and strategic firm so that they can access a broader set of family office and investment management services,” he says in the press release.

In the past few weeks, Mercer added Murray & Co. Asset Management, an Austin, Texas-based RIA overseeing $85 million, and Pinnacle Investment Management, an investment and financial-planning firm in Simsbury, Conn., as reported.

As of this month, Mercer’s more than 200 employees help oversee $11.5 billion for more than 8,000 clients from 26 branch offices around the country, according to the press release.

This month, Mercer also opened a new central hub headquarters in Denver, Colo., the company says. Welling says in the press release that Denver is central to its operations while providing a good quality of life for its employees. The company has also launched an investor education portal that features a podcast by personal finance expert and radio personality Doug Fabian, a newsletter, and several research tools as well as coaching for Mercer’s advisors, according to the press release.