Mercer Global Advisors today announced that it has acquired ACG Wealth, an Atlanta-based firm with $1.3 billion in assets under management, according to a news release.

Founded in 2002 by Jeffrey T. Shaver (“Jeff”) and Joseph P. Young Jr. (“Jody”), ACG offers comprehensive wealth management services to wealthy individuals, families and their businesses. Shaver and Young will be joined by their 17 staff members.

Shaver explained in the release that the firm experienced rapid growth and was looking to build out its middle and back office to support it. He said they joined Mercer Advisors because the firm had already successfully built out all the departments and disciplines they were seeking to add.

“For me, it was about expanding our value proposition to our clients and doing so by adding more in-house services,” added Young. “Mercer Advisors had already built out a turnkey family office complete with in-house departments focused on delivering estate planning, tax return preparation and corporate trustee services. The decision for us, our clients and staff was obvious.”

Mercer Advisors’ vice chairman Dave Barton, who led this transaction, said Shaver and Young “have built a fast-growing business but were looking for the corporate architecture necessary to make their business hum with high proficiency. We added the ‘hum,’ and together we present a formidable team expanding our already dominant presence in Atlanta and Southeast generally.”

Dave Welling, CEO of Mercer Advisors, added that ACG is the type of talent that Mercer Advisors seeks to add.

Denver-based Mercer Advisors, established in 1985, is a parent company of Mercer Global Advisors Inc., majority owned by both Oak Hill Capital and Genstar Capital. It provides fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services.

Mercer Advisors is privately held and has more than 560 employees in more than 55 offices across the country. It has $33.5 billion in client assets.