Mercer Advisors Pushes Past 100 Acquisitions

Denver-headquartered Mercer Advisors, a national Registered Investment Advisor, and a large acquirer of wealth management firms in the North American market, has just pushed the firm past 100 acquisitions since launching its growth strategy in 2016.

Mercer
Advisors has just acquired Tufton
Capital Management and Lewis Wealth
Management, bringing it to 101 partners.

The acquisition of Tufton Capital Management, a Hunt Valley,
Maryland-based financial planning and advisory firm,
strengthens Mercer Advisors’ presence in the greater
Washington, DC, market. With Tufton
Capital, Mercer Advisors said it will have about $3
billion in client assets in the region. The
firm, which specializes in serving high net
worth and ultra-high net worth clients, aims
to cultivate long-term, multigenerational
relationships.

“We’re excited to welcome Tufton to Mercer Advisors and
look forward to providing their team with the resources to
continue delivering exceptional client service,” said Martine
Lellis, principal, M&A partner development
at Mercer Advisors.

InCap Group acted as the exclusive financial advisor to Tufton
Capital Management in the transaction.

Meanwhile, the acquisition of Lewis Wealth Management, a
Denver-based RIA, will enhance Mercer Advisors’ nearly
$5.5 billion in assets under management in Colorado across its
eight offices and more than 160 employees in the greater Denver
area.

Led by Austin Lewis, the Denver, Colorado-based firm manages
about $75 million in client assets, serving 40 clients
with comprehensive financial planning.

Since relocating its headquarters to Denver in
2017, Mercer Advisors, which has $71 billion in client
assets, has grown to serve more than 2,200 families in the
region.

“Every partner firm that has joined Mercer Advisors has
significantly enriched our culture, enhanced our ability to serve
existing clients, and enabled us to reach even more families who
can benefit from our services,” said Dave Welling
(pictured), CEO at Mercer Advisors. 

The firm has been making a number of acquisitions, most
recently acquiring
D Scott Neal, a Kentucky-based financial planning and
investment management firm specializing in guiding families
through transitional periods in life.