Mercer acquires California-based Empyrion Wealth
The firm, led by Kimberly Foss, manages $250 million, and is the 15th woman-owned firm Mercer has purchased since 2016.
Mercer Global Advisors, a Denver-based national registered investment advisor overseeing $46 billion in assets, announced Tuesday that it has acquired Empyrion Wealth Management Inc., a California wealth management firm that manages $250 million.
Roseville-based Empyrion was founded in 2002 by Kimberly Foss and works with 90 clients. Foss is author of “Wealthy by Design: A 5-Step Plan for Financial Security.”
“Mercer’s comprehensive ‘family office’ approach to client care with in-house services like estate planning, tax consultation and tax return preparation, etc., adds the depth and breadth of service I was looking for,” Foss said in a statement.
Terms of the transaction were not disclosed. Empyrion was represented by Republic Capital Group.
Mercer is majority owned by Oak Hill Capital and Genstar Capital.
Mercer noted in the statement that Empyrion is the 15th woman-owned firm it has acquired since 2016.
[More: Mercer Advisors acquires $5 billion RIA, Regis Management Co.]
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