Mercer Advisors Global Acquires Another Wealth House

Tom Burroughes

8 March 2019

Denver-based Mercer Global Advisors, the US RIA, has acquired Confluence Financial Advisors, an organization operating out of Boulder and with about $240 million of client assets. Mercer has made other recent acquisitions, such as the Midwest firm Arbor Asset Management, which is in Ann Arbor, Michigan .

The Confluence acquisition increases Mercer's AuM to over $15 billion, the firm said. Financial terms were not disclosed.

Confluence was founded in 2015 by partners David Gardner, CFP®, EA, and Judy McNary, CFP®, who will join Mercer Advisors.

Dave Barton, who leads Mercer’s M&A activity, said: “Confluence and Mercer Advisors are a perfect cultural fit. Mercer Advisors’ platform allows Dave and Judy to offload back office responsibilities that were soaking up their valuable leadership and advisor capacity.”

Mercer Advisors, which is privately held, was founded in 1985 and employs more than 350 people. To see an example of a deal back in 2017, see here.