Mercer Gains One More Investor

Mercer’s AUM has grown significantly, from under $5.7 billion in 2015, to $16.5 billion at the time of its last recapitalization in the fourth quarter of 2019, to $48 billion today, it said.

Welcoming Altas as a new strategic investor, Mercer CEO Dave Welling said in a statement: “We have had an outstanding partnership with Genstar and Oak Hill for many years and chose Altas as our newest strategic investor because they believe in our mission, purpose, and strategy and are committed to support continued investment in capabilities that will allow us to enhance the way we serve our clients.”

Welling added: “Our strategic investors have supported our vision to expand ownership opportunities to all full-time employees and beyond the common elite and exclusive ‘partners only’ model that is still prevalent in the RIA industry.”

The Altas investment in Mercer “aligns extremely well with our distinctive strategy of identifying one or two high quality businesses each year that we believe are positioned to grow meaningfully and deliver lasting value to our partners,” Paul Emery, an Altas partner, said in a statement. “Through its leadership, operational excellence and strategic acquisitions, Mercer Advisors has rapidly scaled and established a leading position in a fragmented industry, all while staying true to its client-centric culture.”

(Pictured: Mercer Advisors CEO Dave Welling)