Mercer Global Advisors, a registered investment adviser overseeing $37 billion in assets, has acquired Vintage Financial Services, an Ann Arbor, Michigan-based RIA that manages $850 million for more than 500 clients.
The Vintage team, including founder Frank Moore and partner Jack McCloskey, will be joining Mercer Advisors.
Moore, who founded Vintage in 1985, has served as chairman of the National Association of Personal Financial Advisors and has worked with the leadership of the Financial Planning Association and the Certified Financial Planner Board to help promote and shape the Department of Labor’s fiduciary rule.
Mercer noted that Vintage is the third firm it has acquired in Michigan since 2016.
Terms of the acquisition were not disclosed.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
New name draws on founder's family history as consolidation reshapes the broker-dealer landscape.
Deal brings tech-focused planning expertise, expanded Pacific Northwest presence to national RIA platform.
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
