Mercer Advisors Inc., a registered investment adviser, has acquired Dragon Financial Group, an RIA firm located in San Mateo, California with more than $110 million of assets under management. This acquisition brings Mercer Advisors’ total offices to 38 and expands its existing California footprint to seven offices.
Dragon is owned and operated by principals Joseph Mah and Marie Chao and provides financial planning and investment management services to investors in the San Francisco Bay area.
“We are delighted to be joining forces with Joseph and Marie and the entire seven-member Dragon team,” said Dave Welling, chief executive officer of Mercer Advisors. “Their ‘personal CFO’ service philosophy mirrors our family office business model and actualizes their vision for comprehensive, multi-disciplinary client care.”
Dragon Financial Group was represented by DeVoe & Company, a strategic advisor to RIAs, offering consulting, investment banking, and valuation services.
Established in 1985, Mercer Advisors is a 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, and corporate trustee and trust administration services.
Mercer Advisors is the parent company of Mercer Global Advisors, one of the largest independent RIAs and financial planning firms in the U.S. with approximately $14 billion in client assets. Headquartered in Denver, Mercer Advisors is privately held, has more than 330 employees, and operates nationally through 38 branch offices across the country.