Mercer Global Advisors adds $1 billion with deal for Goldstein Munger

Mercer Global Advisors adds $1 billion with deal for Goldstein Munger
The San Ramon, California-based family office has a history dating back to 1979.
OCT 04, 2022

Mercer Global Advisors has acquired Goldstein Munger & Associates, a $1 billion registered investment adviser based in San Ramon, California.

Mercer, which is majority owned by private equity investors Oak Hill Capital and Genstar Capital, has more than $38 billion under management.

Goldstein Munger has a history dating back to 1979 when principal Richard Goldstein founded R. M. Goldstein Accountancy Corp. GoldsteinEnright Financial Advisers grew out of that firm, and it's now known as Goldstein Munger.

Robert Munger, a principal, later joined the firm and partnered with Goldstein to help build the family office advisory.

“Our clients are accustomed to a high level of care with near constant contact and support,” Goldstein said in the statement. "As Bob and I contemplated the future of our firm, we concluded that we needed to partner with a firm that had the services and professional staff necessary to provide best-in-class service to ultra-high-net-worth clientele, but also be a fully institutionalized business that survives the lifetimes of our clients, their children, their great grandchildren, and generations to come.”

“Rich and Bob have built a blue-chip family office creating deep and long-lasting relationships with their clients," said David Barton, vice chairman of Mercer, who led the acquisition of Goldstein Munger for Mercer. "We are delighted Bob, Rich and their staff are joining the Mercer Advisors team.”

Latest News

'Bogged down' advisors just want to have fun (again)
'Bogged down' advisors just want to have fun (again)

Jim Cahn, of Wealth Enhancement Group, lifts the lid on his firm's partnership model, his views on RIA M&A, and the widely slept-on reason why advisors are merging into larger organizations.

Vestwell unveils new emergency savings account offering
Vestwell unveils new emergency savings account offering

The fintech firm is cementing its status in the workplace savings space with its latest ESA offering, which employers can integrate into their existing benefits package.

'Money Mimosas' and other ways to show your Valentine financial love
'Money Mimosas' and other ways to show your Valentine financial love

Wealth managers offer unique ideas for couples to grow closer emotionally and financially.

Limra research finds financial confidence on the rise among Black American workers
Limra research finds financial confidence on the rise among Black American workers

Survey findings suggest increased sense of financial security and more optimistic 2025 outlook, while highlighting employers' role in ensuring retirement readiness.

DOGE efforts sideswipe muni bonds backed by federal lease payments
DOGE efforts sideswipe muni bonds backed by federal lease payments

Falling prices for some securities within the $4 trillion state and local government debt market spotlight how the push to shrink spending is sending shockwaves across the US.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.