The wealth manager has made the acquisition as part of its growth drive in Southern California.

Santa Barbara-based Mercer Advisors has acquired fellow registered investment advisor firm Fabian Wealth Strategies for an undisclosed sum.

Fabian Wealth, based in Costa Mesa, California, manages $95 million in client assets. The firm will be merged into Mercer Advisors’ existing Newport Beach office.

"Mercer Advisors continues to add talent and branch office presence and distribution in accordance with our strategic plans. Southern California is definitely a market in which we're keen to expand our already significant presence," said Mercer Advisors’ chief executive, David Barton.

Doug Fabian, president of Fabian Wealth, added: "Our affiliation with Mercer Advisors will allow us to deliver a broader range of specialized offerings, including turnkey asset management, in-house estate planning, executive benefits consulting, family office services, and trust administration. We're now more capable and client-focused than ever before."

Mercer Advisors provides wealth and investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, corporate trustee and trust administration services. It is the parent company of RIA firm Mercer Global Advisors, which has over $9.4 billion in assets under management and more than 6,200 clients.