Mercer Global Advisors today announced that it has acquired Day & Ennis LLC., a wealth management firm in Macon, Ga., with about $400 million in assets under management.

The firm, which was founded in 1998 by John R. Day, registered in the industry in 2003, according to BrokerCheck. Partner William W. Ennis joined in 2004 and partner Matthew E. Heller in 2013 after six years with Valic Financial Advisors Inc.

“At Day & Ennis, our goal is to provide clarity, insight and partnership with and for our clients helping them achieve their unique financial goals,” Day said in a statement. “As my partners and I planned for the future, we realized we needed to add scale to our business as well as bring other expertise under our business tent. For us, it was a decision to either build it ourselves or join an existing larger firm that shared our mission, vision, and values, with the scale and additional in-house services we were looking to add."

Day added that after meeting with Mercer Advisors Vice Chairman David Barton, who heads up M&A for the firm, the team “found a wonderful cultural fit between our two organizations and loved the fact they offer in-house services such as trustee services that we do not currently provide.”

Barton said, “John, Bill, and Matt have built a high-quality business staffed by an exceptional team of professionals. In our industry, you are only as good as your people, and their people, like our people, are top notch. Overall, we believe the winners are the clients. Day & Ennis are deeply respected in Georgia and the communities they serve, and we are honored to be partnering with them.”

Denver-based Mercer Advisors Inc., a parent company of Mercer Global Advisors Inc., is majority owned by both Oak Hill Capital and Genstar Capital. The firm has more than $48 billion in client assets, along with more than 890 employees in more than 80 offices across the country.