Mercer Advisors, a national RIA based in Denver, is strengthening its presence in the Northeast and Southeast with the acquisition of Beacon Wealth Management, Mercer announced Monday.
Beacon Wealth Management, a boutique wealth management firm that focuses on financial planning for high-net-worth individuals, has offices in Hackensack, N.J., and Palm Beach, Fla., and $230 million in AUM. The acquisition brings Mercer’s AUM to more than $13 billion.
Beacon Wealth Management founder and CEO Mark Germain and his six staff members remain with Mercer Advisors.
Mercer already has offices in both the Northeast in New York, New Jersey and Connecticut, and in the Southeast in Florida and Georgia. Established in 1985, Mercer is a fee-only investment management, financial planning and family office firm.