The Daily Brief
mercer-advisors

Private Equity-Backed Mercer Acquires Beacon Wealth Management

With the latest addition, Mercer now has over 30 offices across the country and more than $13 billion in assets under management.

Mercer Advisors, the fast-growing registered investment advisory firm headquartered in Denver, has acquired Beacon Wealth Management, an RIA managing $230 million in client assets, with offices in Hackensack, N.J. and Palm Beach, Fla. With the addition, Mercer now has over 30 offices across the country and more than $13 billion in assets under management. 

Beacon Wealth Management was founded in 2002 by founder and CEO Mark Germain. He brings along six staff members. The firm provides comprehensive financial planning and investment management to 170 clients.

“The fact that Mercer has been a fee only, financial planning centric firm since 1985—long before it became vogue—were table stakes for Beacon,” said David Barton, who leads Mercer’s mergers and acquisitions activity. “Why we stood out among many other buyers for BWM was the in-house provision of estate planning documentation, tax return preparation, and corporate trustee work supervised by our Certified Trust Financial Advisors. Further, our year-over-year robust growth assured for Mark that his team members would have long and successful careers at Mercer with many career path options.”

Mercer has been growing fast through acquisition over the last several years. In 2015, Genstar Capital, a private equity firm based in San Francisco, acquired a majority stake in Mercer from Lovell Minnick.

Want The Daily Brief delivered directly to your inbox? Sign up for WealthManagement.com’s Morning Memo newsletter.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish