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

Denver-headquartered Mercer Global Advisors, the RIA that has been acquiring a raft of US wealth businesses, has bought Singh Advisory, a wealth management firm located in Denver, Colorado, the firm said in a statement this week.

Singh Advisory, which was founded by Parshad K Singh, CFP®, CIMA® in 2018, currently has assets under management of about $60 million.

“I know I will be able to continue to serve my clients with excellence here and that Mercer Advisors will offer me significant career development opportunities,” Singh said:

“Singh Advisory is a perfect fit for Mercer Advisors, and Parshad and his staff are great additions to our team. This acquisition illustrates the enormous value that Mercer Advisors can provide advisor teams looking to “join versus build” an RIA firm on their own,” Dave Welling, CEO of Mercer Advisors, added.

Mercer has been acquiring a mass of US wealth businesses, most recently buying wealth management firm, Kingfisher Capital, a business looking after about $630 million of client money, based in in Charlotte, North Carolina. It also bought Private Asset Management (PAM) to strengthen its California presence. PAM is a wealth management firm headquartered in San Diego. See more here and here.