Denver-based RIA aggregator Mercer Global Advisors announced its second acquisition in as many days Wednesday morning with the addition of Sanford Advisory Services, a $1.1 billion firm based in Portage, Michigan.
The deal, which pushes Mercer’s total assets under management to more than $39 billion, followed the Tuesday announcement of its acquisition of HYA Advisors, a Springfield, Missouri-based firm managing $1.2 billion.
“I loved that we could offload back-office activities to Mercer Advisors, creating excess capacity for us to do what we do best, service existing clients and win new ones,” Sanford partner Scott Williams said in a statement.
Sanford was founded in 2000 and serves approximately 1,100 clients.
Mercer, founded in 1985, is majority-owned by private equity investors Oak Hill Capital and Genstar Capital.
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
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.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
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.
