Mercer Acquires RIA with $364 Million in Client Assets
Mercer Advisors Inc., a national registered investment advisor firm based in Santa Barbara, has acquired Clearwater, Florida-based GFS Private Wealth, bringing its assets under management to more than $12 billion.
Mercer Advisors Inc., a national registered investment advisor firm based in Santa Barbara, has acquired Clearwater, Florida-based GFS Private Wealth, bringing its assets under management to more than $12 billion.
GFS manages approximately $364 million in client assets and represents Mercer’s largest RIA firm integration. The privately held firm was founded by Greg Willsey and Sandra Nesbit, and specializes in providing investment and life-planning services to affluent individuals and their families. The GFS team will continue to operate out of their existing Clearwater location.
“Our new partnership with GFS Private Wealth is another example of our continued focus to grow Mercer with like-minded, client-focused advisors,” said Dave Welling chief executive officer of Mercer Advisors. “GFS will bring an expanded footprint for Mercer in the Southeast and add to our talent and expertise.”
Established in 1985, Mercer Advisors provides fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection, and corporate trustee and trust administration services. Mercer Advisors has more than 200 employees and operates nationally through 26 branch offices across the country.
