Mercer Global Advisors announced its second acquisition of the week, signaling a fresh appetite for big deals in 2021.
The $24 billion Denver-based consolidator said Thursday that it is acquiring Atlanta Financial Associates, which serves 570 clients with approximately $815 million under management.
The announcement comes two days after Mercer's acquisition of Atlanta-based Kays Financial Advisory, which manages $800 million in client assets.
AFA is a woman-led registered investment adviser that was founded by Julianne Andrews and Cathy Miller in 1992.
“When it came time for us to discuss our own succession plan and business continuity strategy, we wanted to make sure our clients continued to receive the highest quality of care,” Andrews said. “To that end, we looked for a partner that shared our client-first mindset and could deliver on the promise of the highest caliber financial stewardship.”
Dave Welling, chief executive at Mercer, said in a statement that “AFA is a strong and growing RIA who shares our dedication to providing an integrated and expansive set of services to clients to help them achieve financial health and peace of mind."
"AFA will be joining forces with our local resources in Atlanta expanding our already strong presence in Georgia and the Southeast region,” Welling said.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
