Mercer Advisors names Dave Welling CEO

After nine years, David Barton is out

Jun 13, 2017 @ 1:29 pm

By Jeff Benjamin

Mercer Advisors, a $10.3 billion advisory firm, has replaced chief executive David Barton with Dave Welling.

Mr. Barton, 51, will move into the role of vice chairman and will lead the firm's newly created merger-and-acquisition efforts, according to a statement from the company.

"After a successful nine-year run as CEO, I have decided to step down and reduce my responsibilities and role at Mercer," said Mr. Barton, who added that Mr. Welling's "public company experience and his expertise in technology and digital enterprise solutions will allow Mercer to continue to expand its investment services and digital experiences for clients."

Mr. Welling most recently worked as co-general manager of SS&C Advent, a division of SS&C Technologies. He was responsible for SS&C's advisory market unit, which works with nearly 3,000 advisers.

Mr. Welling became part of SS&C in 2015 when the company acquired Advent Software, which he joined in 2011.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

How 401(k) advisers can use 'centers of influence' to grow their business

Leveraging relationships with accounting, benefits, and property and casualty insurance firms can help deliver new business leads for retirement plan advisers.

Latest news & opinion

Things are looking up: IBDs soared in 2017

With revenue up, interest rates rising and regulation easing, IBDs are soaring.

SEC advice rule may give RIAs leg up over broker-dealers

Experts say advisers will be able to point to their role as fiduciaries as a differentiator in the advice market.

Brokers accept proposed SEC rule on who can call themselves an adviser

Some say the rule will clear up investor confusion, but others say the SEC didn't go far enough.

SEC advice rule: Here's what you need to know

We sifted through the nearly 1,000-page proposal and picked out some of the most important points.

Cadaret Grant acquired by private-equity-backed Atria

75-year-old owner Arthur Grant positions the IBD for the 'next 33 years.'

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print