Denver-based Mercer Global Advisors, one of the largest registered investment advisors in the United States, announced the acquisition of Jordan Financial Strategies. Jordan, also located in Denver, manages approximately $120 million across 362 client accounts.
Kristy R. Jordan founded the firm in 1998 and will be joining Mercer along with her team.
“As I looked toward my own succession planning, I focused on looking for a partner that would continue to work with me in my mission to serve my clients with excellence and sharing the same business virtues and values,” Jordan said in a statement. “After meeting with Dave Welling, Mercer Advisors’ CEO, and David Barton, Mercer Advisors’ vice chairman, who leads mergers and acquisitions, it was clear to me they were the best platform partner for my clients and my team.
“Like Jordan, Mercer Advisors leads with financial planning, our investment philosophies are closely aligned, and they have in-house family office services like estate planning, tax return preparation and corporate trustee services that allow me to expand the service offering to my clients,” she said. “This is a perfect cultural fit for us.”
“Kristy leads a highly respected wealth management team and will fit in seamlessly with our already strong presence in Colorado, including our national hub located in downtown Denver,” said Welling. “We are thrilled they are joining the Mercer Advisors team and look forward to working together to help deliver meaningful results for our shared clients.”
Founded in 1985, Mercer has now added 65 firms since its inception. Majority investments by private equity firms Oak Hill Capital and Genstar Capital allowed the RIA to significantly ramp up mergers and acquisitions activity in recent years and Mercer added 10 new firms in the first half of 2022, followed by three more in July and August. It is among the fastest growing RIAs in the nation, claiming more than $37 billion in client assets.