Mercer Adds $1.7B to AUM with Two Deals 

Mercer Global Advisors, Inc announced two acquisitions that added almost $1.7 billion in combined assets to the registered investment advisor (RIA). 

The firm acquired Waypoint Capital Advisors, an investment advisory and financial planning firm that manages nearly $1 billion in assets for ultra-high-net-worth clients, and Chapel & Collins, an RIA managing approximately $675 million in client assets 

Minneapolis-based Waypoint intends to enhance its services for ultra-high-net-worth individuals and multigenerational families by using the expertise and resources of Mercer Advisors in these areas. 

“Waypoint is a terrific complement to Mercer Advisors and will deepen the depth and breadth of our teams focused on serving multi-family offices and ultra-high-net-worth families,” said Dave Welling, CEO of Mercer Advisors. 

Fort Collins, CO-headquartered Chapel & Collins specializes in serving business owners, retirees and pre-retirees, in addition to advising corporate retirement plans and providing institutional consulting services. The addition of the seven-person team pushes Mercer Advisors’ assets under management in Colorado to nearly $5 billion across its seven offices and over 150 employees in the Greater Denver Area. 

“Partnering with a leading national fiduciary firm like Mercer Advisors helps empower our team of advisors to strengthen existing client relationships and develop new ones,” said Chapel & Collins founding partner Dennis Collins. 

With the latest deals, Denver-based Mercer now manages more than $66 billion in assets and is backed by private equity firms Oak Hill Capital, Genstar Capital and Altas Partners. 

The two most recent deals for Mercer include the acquisition of Kiely Wealth Advisory Group, a $523 million North Carolina-based wealth manager, in October, and Benchmark Wealth Management, LLC, an Old Lyme, CT-based advisory firm with approximately $412 million in assets under advisement.