The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Mercer, Eagle, West Oak
Mercer Global Advisors has made two wealth management acquisitions – Eagle Wealth Management, Eagle Wealth Accounting, and West Oak Capital. 

The “Eagle” firms – a wealth manager and accountancy – are based in Bend, Oregon. West Oak is in Eagle, Idaho.

Eagle Wealth, which was founded in 2008 by the husband-and-wife team of Chad and Cami Staskal, has a team of 10 people. The firm manages around $350 million in assets for 300 clients.

Mercer – which has grown via a raft of acquisitions in recent years – said the acquisition adds to its presence in the city of Bend. 

In the West Oak Capital case, the firm manages $500 million in assets for more than 100 clients, adding to Mercer Advisors’ presence in Idaho and Southern California. 

Hue Capital Partners, LLC, served as the exclusive financial advisor to Eagle Wealth Management. Mercer did not disclose how much it paid for the acquisition.

DeVoe & Company exclusively advised West Oak Capital on the transaction; financial terms were not disclosed.

Mercer Advisors, the parent company of Mercer Global Advisors Inc, is majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners. Mercer Global Advisors, Inc is headquartered in Denver, Colorado and is privately held; Mercer Advisors oversees $81 billion in client money.

The activity is part of a wider M&A trend in North American wealth management, driven by a desire for more economies of scale to handle rising regulatory and technology costs, a desire by older advisors for a retirement route, and private equity firms’ desire to buy into firms seen as having light capital needs and a recurring revenue stream. (See recent commentary on the trend here.)

In early May 2025, Mercer said it acquired Tufton Capital Management and Lewis Wealth Management, bringing it to 101 partners. Other deals include its acquisition of D Scott Neal, a Kentucky-based financial planning and investment management firm specializing in guiding families through transitional periods in life.