Mercer Advisors Inc., headquartered in Denver, Colo., now has seven California offices to complement its total number of 38 branch offices nationwide, following its acquisition of Dragon Financial Group.
Dragon Financial, owned and operated by principals Joseph Mah and Marie Chao, is located in San Mateo, Calif. The firm, with more than $110 million AUM, provides financial planning and investment management services to a highly compensated, young professional clientele in the San Francisco Bay area.
Dave Welling, CEO of Mercer Advisors, said that Dragon Financial’s service philosophy mirrored his firm’s own Family Office business model. He also said that the acquisition would enable Mercer to expand its presence in Silicon Valley.
Established in 1985, Mercer Advisors is a total wealth management firm that provides comprehensive, fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection expertise, and corporate trustee and trust administration services.
Privately held, Mercer Advisors is the parent company of Mercer Global Advisors, one of the largest independent Registered Investment Advisors (RIAs) and financial planning firms in the U.S., with approximately $14 billion in client assets.