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.