In its second deal announced this week, Denver-based Mercer Global Advisors said it is acquiring of Harrison & Company Wealth Management.
Founded in 2009 by Senior Partner Bruce Harrison, CFP, and located in Roanoke, Va., the firm serves 120 clients with about $150 million in assets under management. The company provides portfolio management, advising on tax strategies, personal financial planning, asset protection planning, trust and estate planning, and consulting on 401(k) and cash balance plans.
“My partner Ian and I wanted to expand our service offering and also offload onerous, time-consuming responsibilities to free us up to do what we do best, servicing our clients at the highest level and winning new ones,” Harrison said in a statement, calling the partnership with Mercer “a perfect fit.”
“Bruce and Ian were looking to build scale to create necessary leverage or join a like-minded firm that already climbed that mountain,” said David Barton, the former Mercer CEO who led the acquisition. “This is a win-win transaction for all concerned and this acquisition builds on our already deep presence in the Virginia, D.C. area.”
Established in 1985, Mercer Global Advisors provides fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services for clients with more than $38 billion in assets. Majority owned by private equity firms Oak Hill Capital and Genstar Capital, Mercer counts over 670 employees across more than 60 offices nationwide.