Mercer Global Advisors, a $38 billion private equity-backed registered investment adviser, has acquired HYA Advisors, a $1.2 billion registered investment adviser based in Springfield, Missouri.
The deal, which is being described as a merger, represents another example of outside investor capital driving consolidation in the wealth management space. Denver-based Mercer, which was established in 1985, is majority-owned by Oak Hill Capital and Genstar Capital.
“The partners at HYA have built a great business, a strong team and they are a highly respected group of wealth management professionals,” Mercer Chief Executive Dave Welling in a statement.
“We are thrilled to be opening a new location in Springfield, Missouri and look forward to working together to deliver meaningful results for our shared clients,” he said.
HYA was founded in 1991 by Dennis Helm and Dean Young. The firm is currently led by Brent Singleton, Mike Sharp, Jeff Bilberry and Holly Gray.
“My partners and I were at a place where the business had grown substantially, and we knew we could benefit from having the expertise of a larger firm to help take us to the next level,” Singleton said in the statement. “We also knew that we wanted to expand the financial planning services available to our clients.”
Looking to refine your strategy for investing in stocks in the US market? Discover expert insights, key trends, and risk management techniques to maximize your returns
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
