The latest M&A deals in wealth management across North America.

Mercer Global Advisors, the US-registered investment advisor firm, has bought Jackson Financial Management, a firm based in Costa Mesa, California. That business has about $510 million of assets under management. The move takes Mercer’s AuM in Southern California to almost $4 billion, and nationally, to more than $16 billion.

The Denver-based firm’s other Southern California offices are in Santa Barbara, San Diego, Los Angeles, and Newport Beach. Across the US, Mercer has 41 offices.

JFM was founded in 1995 by Tracy O Jackson, president and principal. A team of 14 people, including Jackson, will join Mercer.