National Registered Investment Advisory (RIA) Firm ranked 8th in annual survey of the top independent advisory firms for investors by leading financial publication
DENVER, Oct. 4, 2022 /PRNewswire-PRWeb/ -- Mercer Advisors Inc. ("Mercer Advisors"), a national Registered Investment Adviser (RIA) firm, announced today that the firm has been recognized by Barron's as the 8th RIA firm in the annual Top 100 RIA Firm rankings. According to Barron's, "The goal is to shine a spotlight on the nation's best financial advisors, with an eye toward raising standards in the industry."
Each advisory firm is ranked based on qualitative and quantitative criteria, such as assets under management, including the advisors' experience, their advanced degrees and industry designations, the size, shape, and diversity of their teams, their charitable and philanthropic work and, their compliance records.* Over the past several years, Mercer Advisors has consistently been ranked by Barron's as one of the top 10 RIA firms, nationwide.
"Being recognized as a Top RIA firm by Barron's represents our commitment to investing in our people, process, and platform to helping our clients meet their financial goals and objectives," said Dave Welling, CEO of Mercer Advisors. "Our personal service model and family office wealth management offering are powering our growth and we look forward to continuing to invest in the firm to better serve and support our hundreds of advisors and tens of thousands of clients across the country."
Barron's publishes the Top 100 RIA firms annually with the rankings addressing two distinct types of Barron's readers. For wealth management professionals, they serve as an industry scorecard. For investors, the rankings are a tool that can help in the process of seeking financial guidance.
Barron's notes that, "The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties."
According to Jack Otter, Global Head of Wealth and Asset Management for Barron's in his congratulatory note to Mercer Advisors, "From a handful of small firms offering an alternative to Wall Street behemoths back in the 1980s, the independent advisor industry has grown to encompass more than $10 trillion of client assets across more than 14,000 firms. Your firm represents the future of wealth management."
*Barron's methodology: https://www.barrons.com/advisor/articles/barrons-methodology-for-ranking-financial-advisors-51615843316?tesla=y Advisors who wish to be ranked fill out a 102-question survey about their practice. We verify that data with the advisors' firms and with regulatory databases and then we apply our rankings formula to the data to generate a ranking. The formula features three major categories of calculations: (1) Assets (2) Revenue (3) Quality of practice. In each of those categories we do multiple subcalculations. For instance, we take into account not just the amount of assets an advisor manages, but also the type of assets—are they private-wealth assets or institutional? If they're institutional, are they for a foundation or an endowment, or are they corporate assets? We measure the growth of advisors' practices and their client retention. We also consider a wide range of qualitative factors, including the advisors' experience, their advanced degrees and industry designations, the size, shape, and diversity of their teams, their charitable and philanthropic work and, of course, their compliance records.
About Mercer Advisors
Established in 1985, Mercer Global Advisors Inc. ("Mercer Advisors") is a full-service wealth management firm that specializes in providing investment advice, financial and estate planning, and taxes, and corporate trustee and trust administration services. It is one of the largest Registered Investment Advisers and financial planning firms in the U.S. with $39 billion in client assets. Headquartered in Denver, Mercer Advisors is privately held, has over 790 employees, and operates nationally across the country with over 80 locations. Mercer Advisors, Inc. is a parent company of Mercer Global Advisors Inc. (RIA), majority owned by both Oak Hill Capital and Genstar Capital. Mercer Global Advisors has a related insurance agency. Mercer Advisors Insurance Services, LLC (MAIS) is a wholly owned subsidiary of Mercer Advisors Inc. Employees of Mercer Global Advisors serve as officers of MAIS. For Mercer Global Advisors clients who wish to purchase insurance products, MAIS has entered into a non-exclusive referral agreement with Strategic Partner(s). More information about MAIS and our Strategic Partners may be found in our Form ADV 2A. Visit us at http://www.merceradvisors.com.
Mercer Global Advisors Inc. is registered with the Securities and Exchange Commission and delivers all investment-related services. Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc. and is not involved with investment services.
Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning documentation preparation and other legal advice is provided through its affiliation with Advanced Services Law Group, Inc.
Data as of August 31, 2022. AUM includes affiliates and wholly owned subsidiaries announced to date.
Please Note: Limitations. Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Mercer Advisors is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see participation criteria/methodology). Unless expressly indicated to the contrary, Mercer Advisors did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of Mercer Advisors by any of its clients.
Media Contact
Timothy Welsh, Nexus Strategy, LLC, 415-847-4874, [email protected]
SOURCE Mercer Advisors
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