Mercer Global Advisors said Tuesday that it acquired Full Sail Capital, an Oklahoma City-based wealth management firm serving more than 600 high-net-worth and multigenerational families with $2 billion in client assets.
The deal is the RIA's second purchase in Oklahoma and brings its asset base in Texas and Oklahoma to roughly $7 billion.
"We connected immediately with the Full Sail team on our shared commitment to a client-first and team-oriented culture," said Dave Welling, Mercer's CEO. "We also share excitement about serving more families … and helping them discover the benefits of working with a fiduciary that can provide financial planning, investments, estate, tax and more all through one integrated team."
Full Sail, which has 14 team members, is led by David Stanley, its CEO; Scott Cravens, its chief operating officer; and Zac Reynolds, its chief investment officer. The three executives founded the advisory firm in 2018.
“As we grew, we recognized joining a partner would support us in sustaining the high level of service our clients expect,” Stanley said. "Mercer Advisors shares our fiduciary-first mindset and brings the robust platform, scale and in-house expertise that will help us take our client experience to the next level.”
Mercer Advisors has 1,270 employees, over 100 locations and about $71 billion in client assets (as of March 31). Last month, the firm struck its 100th and 101st deals in Denver and Washington, D.C.
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