Mercer Global Advisors, one of the largest and fastest-growing registered investment advisors in the nation with $56 billion in assets, has hired five new executives to fill out its M&A partner development and integration teams. All five are tasked with bolstering the firm’s inorganic growth strategies.
Andy Burgess, former regional director of business development at NewEdge Advisors, joins Mercer’s M&A partner development team as a vice president. He’s also a former vice president at Fidelity Investments, where he advised breakaways.
Mercer adds Greg Mayes, a former vice president of strategic business development at LPL Financial, to that same team in a similar role. Prior to LPL, he spent 13 years with TD Ameritrade Institutional and 12 years with Schwab Advisor Services in business development and technology consulting roles.
Jay Robinson, a former managing director at Schwab, has also come on board with the partner development team as a vice president. Prior to Schwab, he served as regional vice president at RBC and regional director at Piper Jaffray.
The RIA’s platform marketing and investment team added Stacy Orff, former managing director and head of marketing at DeVoe & Company, as a vice president of platform marketing. Prior to DeVoe, Orff had stints at SS&C Advent, AssetMark and Schwab. Jeff Dadamo, a former executive at Dimensional Fund Advisors, joins the team as senior director of M&A investment integration. Prior to joining DFA, Dadamo was a professional tennis player.
“In just the last 12 months we have added over 260 professionals to our regional wealth management, wealth solutions and investment teams in addition to the many talented professionals who have joined us through over 12 acquisitions in 2023 alone,” Mercer CEO Dave Welling said in a statement.
Mercer has been one of the nation’s most active acquirers. Its 2023 M&A total followed its most active year on record, 2022, when the RIA announced 20 deals totaling about $13 billion in transacted assets.
Founded in 1985, Mercer has 80 office locations in 31 states, with about 1,060 employees—including close to 780 advisors—overseeing around $56 billion in total client assets.
Majority owned by Genstar, Oak Hill Capital and Altas Partners, Mercer has grown assets by more than 300% since 2017. On a mission to establish itself as a national RIA, Mercer refreshed its branding and messaging early last year to reflect that goal.