Mercer Global Advisors Inc., a registered investment adviser with $20 billion in client assets, has acquired M.J. Smith and Associates Inc., a wealth management firm located in Denver, Colorado that serves approximately 490 households and has approximately $910 million in assets under management.
Mark J. Smith founded M.J. Smith in 1983 to provide full service financial planning and investment management services to high net worth clients. Smith will be joining Mercer Advisors along with his 11 staff members.
“Despite all of our growth and success, we knew we were at the place of needing to build a robust internal or external succession plan,” said Smith. “We also understood that reaching true scale would require additional significant expenditure. The confluence of these forces drove me to reach out to Mercer Advisors.”
Established in 1985, Mercer Global Advisors is a wealth management firm that provides comprehensive, fee-based 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 Inc. is a parent company of Mercer Global Advisors (RIA), and majority owned by both Oak Hill Capital and Genstar Capital. Headquartered in Denver, Mercer Advisors is privately held, has over 430 employees, and operates nationally across the country.