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Mercer Advisors Adds 2 Execs in Aim to Double Its Size

By Janet Levaux

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What You Need to Know

  • One worked earlier for Strategic Financial Solutions and Condé Nast, and the other for Edelman Financial Services.
  • CEO Dave Welling says Mercer is on track to become a $75 billion firm by 2025.

RIA Mercer Advisors recently hired two executives as it gears up for its next growth push.

Chief Marketing Officer Gary Foodim previously worked for Strategic Financial Solutions and Condé Nast, and Chief Technology and Digital Officer Christine Cataldo was chief operations and technology officer for Edelman Financial Services.

Karen Lee, who has served as Mercer’s chief marketing and strategy officer, is in a new role as the firm’s chief business solutions officer.

“We have very aggressive growth goals and are on track to become a $75 billion firm by 2025,” according to CEO Dave Welling, “and we couldn’t be more excited about the new executive leadership we are bringing on board and the talent that we are elevating to new roles to help drive the key strategies that will get us there.”

Mercer Advisors’ current client asset level is $31 billion. The RIA is based in Denver, has about 560 employees working with advisors in some 45 locations and is owned by Oak Hill Capital and Genstar Capital. 

Other changes at Mercer include Nick Semko’s promotion to managing director of mergers and acquisitions. Earlier, Semko led the firm’s Northeast Region. Brian Picariello will be stepping in as the new leader of this region, while Scott Kays will head up the Southeast. 

(Photo: Shutterstock)

Janet Levaux

@Think_JanetL

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