Mercer Global Advisors, a Denver-based registered investment adviser managing $38 billion, has acquired Bivin and Associates, a Ponca City, Oklahoma-based RIA founded in 1994 and managing $130 million.
Terms of the acquisition were not disclosed.
The entire Bivin team, headed by founder and President Stan Bivin, will join Mercer, the firm said in a press release Thursday.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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