Mercer Global Advisors continues its string of acquisitions, most recently adding a California wealth management practice, the company says.

Costa Mesa, Calif.-based Jackson Financial Management, founded in 1995 by Tracy Jackson, manages around $510 million for clients including corporate executives, medical professionals and affluent families, according to a press release from Mercer.

Jackson was initially “skeptical” of a merger proposed by Mercer CEO Dave Welling because he doubted the ability to replicate JFM’s “boutique, high touch service model” with a partner, Jackson says in the press release.

“After talking with Dave Barton, [Mercer’s vice chairman in charge of the company’s mergers and acquisitions], and doing extensive reverse due diligence with him and the Mercer team, it became clear to me that Mercer was not only a perfect fit for JFM staff and our clients, it was the only compatible fit given our mandate to operate as a family office advisor to HNW and UHNW clients,” Jackson says in the press release.

The addition of JFM brings Mercer’s total offices to 41, the company says. In March, Barton said the firm is on track to complete eight acquisitions or more this year, as reported.

David Barton

In March, Mercer acquired the $240 million RIA Confluence Financial Advisors. In the first two months of the year, Mercer announced the acquisition of the $350 million RIA Arbor Asset Management and the $110 million Dragon Financial Group. With the addition of JFM, Mercer now oversees more than $16 billion, the company says.