Mercer Advisors bags its third RIA this month

Mercer Advisors will increase its total assets under management to $14.5 billion with its latest acquisition, of Financial & Investment Management Group. FIM Group, which manages $600 million with offices in Michigan and Wisconsin, marks the second acquisition Mercer has announced this week and its third this month. FIM Group is based in Traverse City, Mich., and serves more than 1,500 wealthy clients. It will expand Mercer Advisors' Midwest footprint, which includes offices in the metro areas of Detroit, Chicago and Columbus, Ohio. FIM Group was founded in 1984 by Paul Sutherland as one of the nation's first fee-only planning firms. Denver-based Mercer Advisors has more than 300 employees working in 35 branch offices across the country.