Mercer Global Advisors Inc. will expand its presence in Florida with Tuesday’s acquisition of Adam Financial Associates, a comprehensive wealth management firm with assets under management of $190 million, according to a company release.

Mari Adam, founder and president of Adam Financial Associate (AFA), and her three-member team, which serves approximately 200 households, will join the Mercer Advisors' team, the released said.

With the addition of AFA, Mercer Advisors will have three offices in Florida -- Clearwater, Palm Beach Gardens and Boca Raton. The firm will have 46 offices nationwide and increase its total assets under management to nearly $17.5 billion.

The release noted that Adam, a veteran certified financial planner with nearly three decades of experience, is a lifelong advocate for women and wealth issues. She has helped train and mentor dozens of women interested in the CFP designation and careers in financial services, it said.

The firm specializes in working with women, couples and people who want to enjoy a financially confident, fulfilling life.

Adam said Mercer Advisors is a perfect fit for her firm. “Clients know us for our concierge-level service model and objective, unbiased advice. So finding the right partner, a firm that shares our values and commitment to putting clients' interests first, was of paramount importance in our quest to formalize a succession plan,” she said in a prepared statement. 

Dave Welling, CEO of Mercer Advisors, said: “We are particularly excited about AFA's dedication to serving female clients and how Mari and her team will enhance our women's initiative, InvestHERS, which aims to educate and empower women in achieving Economic Freedom.”

Established in 1985, Denver, Colo.-based Mercer Advisors, the parent company of Mercer Global Advisors Inc., is a privately held, fee-based wealth management firm.