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Financial Advisory  + RIAs & Financial Advisors  | 
Serial RIA Acquirer Mercer Global Advisors Adds Empyrion Wealth Management

Serial RIA Acquirer Mercer Global Advisors Adds Empyrion Wealth Management

After rounding out 2022 with 18 transactions, Denver-based Mercer Global Advisors has begun the new year where it left off, snapping up Roseville, CA-based Empyrion Wealth Management, a $250mn registered investment advisor (RIA). 

Financial details of the transaction were not disclosed. 

Empyrion is the 15th women-owned advisory firm that Mercer Advisors has acquired since 2016. 

Founder and President of Empyrion Kimberly Foss, CFP®, CPWA® said, “Empyrion focuses on delivering the highest caliber financial advice to our clients, and we wanted to join a leading national RIA to add more scale and leverage capabilities to our team and clients.” 

Founded in 1985, Denver-based Mercer has now added 73 firms since it began its buying spree in 2016, adding more than $37bn in assets. 

Mercer is among the fastest growing RIAs in the nation. Most investments by private equity firms Oak Hill Capital and Genstar Capital have allowed Mercer to significantly ramp up its M&A activity in recent years.

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Mercer Global AdvisorsEmpyrion Wealth Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.