Deals Of The Day: The Latest In Wealth Management M&A – Mercer, Axis, RFG, Wealthspire

Editorial Staff

8 April 2026

Mercer Global Advisors
Mercer Global Advisors, an RIA, has added $150 million firm Personal Financial Solutions , based in Manasquan, New Jersey.

PFS, which was founded in 1996 by Kenneth LeBlanc, is majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners. Mercer Global Advisors, headquartered in Denver, Colorado, has $98 billion in client assets.

RFG Advisory
RFG Advisory, a platform for advisors looking to build their own businesses, said Ivy Pierson had launched Pierson Wealth Management, a business overseeing more than $230 million in client assets.

Through the partnership, Pierson Wealth Management will use RFG’s technology, including its recently-launched ClickONE, a unified operating system that connects every layer of the business into a single platform.

“We’re seeing more Advisors make this move because they want control over how they build and grow their business,” Ed Swenson, president of RFG Advisory, said. “Ivy’s launch reflects a broader shift toward models that prioritize ownership, flexibility and long-term enterprise value, and that’s exactly where RFG is focused.”

Wealthspire
Wealthspire, an independent wealth management, institutional advisory, and business management firm, has announced that Fiducient Advisors – part of a family of firms including Wealthspire – has completed its acquisition of Axia Advisory.

Axia, based in Indanapolis, has $1.9 billion in assets under management or advisement. Founded in 1992 by Keith Shadrick, the firm provides retirement plan services and has a private wealth segment.

Axia Advisory will continue to operate from its Indianapolis office, providing continuity for clients while gaining access to Wealthspire’s platform and national reach.

Wealthspire is rebranding in 2026. As part of that, Fiducient's institutional business will move to the Wealthspire brand. Its private client business will integrate into Wealthspire's private client business.

In the interim, Fiducient has continued to operate as a distinct institutional brand within the broader Wealthspire ecosystem.