Mercer Advisors bags its third RIA this month

Mercer Advisors bags its third RIA this month
Aggressive growth strategy pushes Mercer assets to $14.5 billion.
NOV 15, 2018

Mercer Advisors will increase its total assets under management to $14.5 billion with its latest acquisition, of Financial & Investment Management Group. FIM Group, which manages $600 million with offices in Michigan and Wisconsin, marks the second acquisition Mercer has announced this week and its third this month. FIM Group is based in Traverse City, Mich., and serves more than 1,500 wealthy clients. It will expand Mercer Advisors' Midwest footprint, which includes offices in the metro areas of Detroit, Chicago and Columbus, Ohio. FIM Group was founded in 1984 by Paul Sutherland as one of the nation's first fee-only planning firms. Denver-based Mercer Advisors has more than 300 employees working in 35 branch offices across the country.

Latest News

Technology Is Moving Fast. Adoption Shouldn’t Be Rushed
Technology Is Moving Fast. Adoption Shouldn’t Be Rushed

The tools are evolving rapidly, but in wealth management, the real challenge isn’t access. It’s integration, security, and discipline.

Lawyer exits case of former JPMorgan Chase banker whose sexual assault claims went viral
Lawyer exits case of former JPMorgan Chase banker whose sexual assault claims went viral

Chirayu Rana’s lawsuit has garnered massive attention on Wall Street.

Schwab advisor arrested for domestic violence charges
Schwab advisor arrested for domestic violence charges

Terrance L. Hayes was arrested April 20 and charged with two felonies.

Most Americans are at risk of outliving their retirement savings
Most Americans are at risk of outliving their retirement savings

People are living longer, but new research warns that many may outlive their savings.

OECD maps AI’s biggest job risks but LPL’s chief economist sees potential upside
OECD maps AI’s biggest job risks but LPL’s chief economist sees potential upside

Dr Jeffrey Roach says a 19th-century paradox explains why efficiency gains may lift labor demand.

SPONSORED When Growth Outruns the System

According to Flyer Financial Technologies, rising portfolio complexity is exposing the limits of legacy infrastructure and widening the gap between automation and reality

SPONSORED Why strategy matters more than performance

In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.