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.