Handshake (Image: Thinkstock) (Image: Thinkstock)

Registered investment advisor Mercer Advisors Inc. has announced the acquisition of boutique wealth management firm Beacon Wealth Management.

With offices in Hackensack, New Jersey and Palm Beach, Florida, Beacon’s addition boosts Mercer’s total of offices to more than 30, as well as broadening its presence in both the Northeast and Southeast. Mercer already has two offices in Connecticut, two in New York City and one in Princeton, New Jersey, as well as offices in Atlanta and Clearwater, Florida.

In addition, Beacon, founded in 2002, brings $230 million in assets under management, thus increasing Mercer’s total AUM to over $13 billion.

Beacon, along with its founder and CEO, Mark Germain, and his six staff members, provides financial planning and investment management services to 170 clients and households; they will continue to do so under Mercer.

In addition to investment management, financial planning, family office services, asset protection expertise and retirement benefits and distribution planning, fee-only Mercer also provides in-house estate planning and documentation, tax planning and return preparation and corporate trustee and trust administration services supervised by certified trust financial advisors.

Established in 1985, privately held Mercer Advisors is the parent company of Mercer Global Advisors and is headquartered in Denver. It has more than 300 employees and operates nationally through over 30 branch offices across the country.

In a statement, Dave Welling, CEO of Mercer Advisors, said, “We are delighted to welcome Mark and his talented team to our organization and we look forward to serving BWM’s clients for years to come.”