Continuing its acquisition streak, Mercer Advisors, an RIA, announced Tuesday it had purchased First Ohio Planning, a Columbus, Ohio-based wealth management firm with $350 million of assets under management.
First Ohio was founded in 1979 by James S. Ryan, who will be joining Mercer along with a staff of five. The group will be merging into Mercer Advisors’ existing office in Columbus.
“Jim had a number of suitors interested in his business, as he should have,” according to Dave Baron, Mercer vice chairman. “He built a first class business and I admired the expertise in the ERISA space which complemented our own. We manage over $1 billion in ERISA plan assets and Jim and his team bring concentrated sophistication in a complex area building out for us an all-star ERISA team. … [This is a] great partnership for both parties.”