Mercer Advisors Recognized for the “Private Wealth Manager M&A Deal of the Year”

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Industry leading RIA firm creates innovative acquisition solution with Raymond James to win highly competitive PAM award.

This ground-breaking work has now paved the way for several other similar transitions with Raymond James that Mercer Advisors closed. Deep experience in the M&A process is key to success and it is extremely gratifying receive this prestigious award.

Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA) firm, today announced that the firm has been recognized for the “Private Wealth Manager M&A Deal of the Year” in the Private Asset Management (PAM) Awards. This award marks the fourth-year in a row that Mercer Advisors has been recognized in the PAM awards with a winning initiative.

The PAM Awards* exist to recognize the top investment professionals, wealth advisers, legal firms, consultants and other key service providers in the private asset management space. Mercer Advisors came out on top in a very competitive and crowded field of major players in the M&A marketplace.

Mercer Advisors’ Deal of the Year: M.J. Smith and Associates, Inc. involved an innovative solution developed in partnership with Raymond James to seamlessly transition hundreds of clients as the firm acquired moved from the broker-dealer side of Raymond James to their RIA custody platform. This solution required orchestration between Mercer Advisor’s deal team working hand-in-hand with Raymond James in the areas of strategy, operations, regulatory and legal areas so that end clients were transitioned without any disruptions.

The acquisition of M.J. Smith also brought to Mercer Advisors approximately 490 households with assets under management (AUM) of approximately $910 million. M.J. Smith has expanded Mercer Advisors’ presence in the state of Colorado where the firm is entrusted with over $2 billion of client assets. The firm relocated its corporate headquarters from California to Denver in 2018 and now services clients across the entire state.

“This ground-breaking work has now paved the way for several other similar transitions with Raymond James that Mercer Advisors closed, including the recently announced McGee Wealth Management and Pinnacle Wealth Solutions deals,” said Dave Barton, Vice Chairman for Mercer Advisors and head of the M&A practice. “Deep experience in the M&A process is key to success and it is extremely gratifying receive this prestigious award.”

“We are delighted and honored with this continued recognition from the industry for our inorganic growth strategy,” said Dave Welling, CEO of Mercer Advisors. “Bringing creative and innovative solutions is a key aspect of our approach to integrating new partners into the broader Mercer Advisors family, and this unique deal with Raymond James is a great example of that teamwork.”

Over the last four years, Mercer Advisors has successfully acquired and integrated over 43 firms, representing $14.6 billion in AUM. To learn more, log onto https://www.merceradvisors.com/acquisitions/#ma-team.

*Candidates are invited to submit responses in several categories to demonstrate developments to their business model, financial progress in business performance and service offerings. Selection is determined by growth in clients and employees, client satisfaction, and product Innovation over the course of the previous year. Winners are determined by an independent panel of industry experts and the PAM editorial team. Mercer Advisors purchased a table at the 2021 awards ceremony. For more information on Private Asset Management (PAM), visit fundintelligence.global.

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 over $27.4 billion in client assets. Headquartered in Denver, Mercer Advisors is privately held, has approximately 525 employees, and operates nationally across the country with 45+ 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.

Data as of January 31, 2021. AUM includes affiliates and wholly owned subsidiaries announced to date.

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Timothy Welsh
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