Mercer Adds Over $240M Through Acquisition, Onboarding 

Mercer Global Advisors, Inc. has acquired Edward Vance Investment Management, a $41 million advisory and financial planning firm, boosting its presence in Georgia, where Mercer Advisors has grown client assets from approximately $550 million in 2017 to over $4.5 billion today. 

Led by owner Edward Vance, the firm offers retirement planning, and tax and estate strategies. Through the acquisition, the firm gains access to Mercer’s resources and the support of a broader team of specialists. 

“Ed Vance has built a strong financial planning practice centered on delivering personalized, high-quality advice to his clients,” said Martine Lellis, principal, M&A partner development at Mercer Advisors. “His dedication to clients’ financial success aligns perfectly with our efforts to help families worry less about money.” 

In addition, Mercer onboarded Bend, OR-based financial advisors Dave Stuehling and John Swanson. Stuehling, who oversees approximately $114 million in assets, said he partnered with the firm to benefit from its client-service resources, back-office solutions, and path to partnership model. Swanson manages $110 million in client assets for high-net-worth clients and was looking for “family-office-style service.” 

Denver-based Mercer Advisors last announced a deal in October 2024, with the acquisition of $523 million North Carolina-based Kiely Wealth Advisory Group. In early September the firm acquired Benchmark Wealth Management, LLC, an Old Lyme, CT-based advisory firm with approximately $412 million in assets under advisement that focuses on high-net-worth professionals and retirees.   

Mercer Advisors Inc. is a parent company of Mercer Global Advisors Inc. and is majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners. Mercer Global Advisors, Inc. has over 1,190 employees and operates nationally through more than 100 locations. Mercer Advisors has $70 billion in client assets.