Mercer Advisors Buys $350M Wisconsin RIA
The $48 billion registered investment advisor Mercer Global Advisors, a subsidiary of Mercer Advisors Inc, has acquired $350 million Madison, WI-based RMR Wealth Advisors.
Financial terms of the deal were not disclosed.
This is the third wealth manager Mercer Advisors has acquired in 2023, scooping up $330 million Allentown, PA-based Andesa Financial Management in April and $250 million Empyrion Wealth Management in January.
Founded in 2009 and co-owned by Erik Mikkelson, Doug Giageos and Lisa Sowls, RMR specializes in retirement planning, wealth management, family financial services and business consulting for professionals, business owners and high-net-worth clients.
“Erik, Douglas and Lisa have built a high-service family office solution for their clientele. In this way they looked a lot like Mercer Advisors, and we shared the same mission, vision and values of putting our clients’ interests first and then surrounding them with a panoply of professionals to help provide outsized results for them,” said David Barton, Vice Chairman, Mercer Advisors, who led the acquisition
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