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.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
