Mercer Advisors Snaps Up $660M Nashville-Area RIA
Mercer Advisors is continuing its run of M&A transactions by expanding in Nashville with the acquisition of $660 million Financial Partners Group (FPG), an investment advisory and financial planning firm based in Gallatin, TN.
This acquisition, which has expanded Mercer’s assets under management to $69 billion, builds on the firm’s existing presence in the Nashville metro area, bringing its family office service offering to more clients in one of the country’s fastest-growing markets.
FPG is led by founding partners Bo Bowling and Scott Paschal. The firm specializes in retirement planning, distribution and wealth transfer, serving a diverse client base ranging from mass affluent individuals to ultra-high net worth families.
By joining Mercer Advisors, FPG gains access to enhanced investment management and planning resources in areas such as estate and tax planning. In addition, it benefits from a broader team of specialists that enable the firm to provide even more comprehensive services to its clients.
In addition to leveraging Mercer Advisors’ resources, specialized services and operational support, FPG joined the firm to position its next-generation advisors for continued growth.
“Mercer Advisors’ vast resources and enhanced capabilities will allow us to continue providing exceptional service to our clients, while also providing meaningful career opportunities for our team,” Paschal continued.
The latest purchases continue a run of acquisitions by Mercer. In January, the Denver-based firm acquired Edward Vance Investment Management, a $41 million advisory and financial planning firm, boosting its presence in Georgia. Last November, Mercer announced two deals that added almost $1.7 billion in combined assets to the firm.
Mercer continues to be majority-owned by private equity firms Oak Hill Capital, Genstar Capital and Altas Partners. The firm is also backed by Singaporean sovereign wealth fund GIC.
Advice Dynamics Partners acted as the exclusive financial advisor to Financial Partners Group.
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