Mercer Advisors notches fifth RIA acquisition in four weeks

Mercer Advisors notches fifth RIA acquisition in four weeks
Texas-based Bell Wealth Management specializes in serving the medical community
DEC 11, 2018

The shopping spree continues for Mercer Advisors with the acquisition of Bell Wealth Management, an Austin, Texas-based firm with $200 million under management. This marks the fifth announced acquisition in less than four weeks for Mercer, a Denver-based consolidator with 37 offices and $15 billion in total assets under management. Bell Wealth Management has been in business more than 20 years and currently serves approximately 125 affluent and high-net-worth households. The fact that Bell specializes in serving the members of the medical community was a plus for Mercer, according to Dave Welling, Mercer Advisors' chief executive officer. (More: Mercer Advisors moves toward $14 billion AUM with Sigma deal) "Like Mercer, Bell has a long history of providing investment management and financial planning services to professionals in the medical community," Mr. Welling said. "Mercer Advisors currently serves over 1,500 physicians and dentists nationwide, helping these clients in multiple areas including tax planning, estate planning, asset protection and corporate trustee advisory services."

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