Managed by Wellington, the fund will include 40 companies and bow midyear.
Boulder, Colo.-based firm raises Mercer's AUM to more than $15 billion.
Desert Financial Wealth Management had been with LPL for 18 years.
Robert Schrieber, three advisers and three staff will join firm in Elgin, Ill.
Researcher Devenir says number of accounts grew 13% last year to 25 million.
Elana Milianta will work in firm's Greenwich, Conn., office.
Shawn Baldwin found guilty on seven counts of wire fraud.
Intellectual Capital Group is based in Spring Lake, N.J.
Minneapolis-based Johnston Group will increase presence in Northern Plains.
