Mercer has been one of the most prominent acquirers of wealth management firms in the North American market.

Mercer Global Advisors, the RIA that has been acquiring a mass of US wealth businesses, yesterday said that it has bought RMR Wealth Advisors, a firm based in Madison, Wisconsin.

RMR, founded in 2009, oversees about $350 million in client money. It was established by Erik Mikkelson, who is a co-owner of the company along with Doug Giageos, and Lisa Sowls. They serve about 150 clients.

“Erik, Douglas and Lisa have built a high-service family office solution for their clientele. In this way they looked a lot like Mercer Advisors, and we shared the same mission, vision and values of putting our clients’ interests first and then surrounding them with a panoply of professionals to help provide outsized results for them,” David Barton, vice chairman, who led the acquisition of RMR on behalf of Mercer Advisors, said.

Mercer has been busy with a round of acquisitions see here and here.

FWR has examined why Mercers is a leading acquirer of RIAs in the North American market.

Denver, Colorado-based Mercer Global Advisors has more than 80 offices in the US and oversees in excess of $48 billion of assets. Established in 1985, Mercer Global Advisors is privately held, with more than 900 employees, and operates nationally through 90 offices across the country. Mercer Advisors manages over $48 billion in client assets.