Mercer acquires $130 million RIA
The deal for Bivin and Associates, which is based in Ponca City, Oklahoma, expands Mercer’s Midwest presence.
Mercer Global Advisors, a Denver-based registered investment adviser managing $38 billion, has acquired Bivin and Associates, a Ponca City, Oklahoma-based RIA founded in 1994 and managing $130 million.
Terms of the acquisition were not disclosed.
The entire Bivin team, headed by founder and President Stan Bivin, will join Mercer, the firm said in a press release Thursday.
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