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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  December 8, 2022
Mercer Advisors Adds to Its List of RIA Firms, Acquires Michigan-based Vintage Financial Services
Joe Palmisano
By: Joe Palmisano

Mercer Advisors Adds to Its List of RIA Firms, Acquires Michigan-based Vintage Financial Services

Mercer Advisors Inc., a registered investment adviser backed by private equity firms Oak Hill Capital and Genstar Capital, has acquired Vintage Financial Services, LLC, a wealth management firm, for an undisclosed amount. 

Founded by Frank Moore in 1985, the Ann Arbor, Michigan-based Vintage currently advises more than 500 clients with over $850mn in assets under management. 

The latest acquisition is the third deal by Mercer Advisors in Michigan since 2016. 

The company’s Michigan team, including Vintage employees, currently handles more than $2.7bn assets on behalf of 2,400 clients. 

Mercer Advisors CEO Dave Welling said: “The business combination between Mercer Advisors and Vintage is a perfect fit with both firms anchoring on financial planning.” 

This is Mercer’s 17th wealth management firm acquisition this year, and the 6th since September. Last week, Mercer purchased Regis Management Company, a wealth management firm with $5bn in assets. 

Established in 1985, Mercer Advisors has more than $37bn in assets under management. 

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Mercer AdvisorsVintage Financial Services

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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