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Mercer World Advisors, one of many largest and fastest-growing registered funding advisors within the nation with $56 billion in property, has employed 5 new executives to fill out its M&A companion improvement and integration groups. All 5 are tasked with bolstering the agency’s inorganic development methods.
Andy Burgess, former regional director of enterprise improvement at NewEdge Advisors, joins Mercer’s M&A companion improvement staff as a vp. He’s additionally a former vp at Constancy Investments, the place he suggested breakaways.
Mercer provides Greg Mayes, a former vp of strategic enterprise improvement at LPL Monetary, to that very same staff in the same function. Previous to LPL, he spent 13 years with TD Ameritrade Institutional and 12 years with Schwab Advisor Companies in enterprise improvement and know-how consulting roles.
Jay Robinson, a former managing director at Schwab, has additionally come on board with the companion improvement staff as a vp. Previous to Schwab, he served as regional vp at RBC and regional director at Piper Jaffray.
The RIA’s platform advertising and funding staff added Stacy Orff, former managing director and head of promoting at DeVoe & Firm, as a vp of platform advertising. Previous to DeVoe, Orff had stints at SS&C Creation, AssetMark and Schwab. Jeff Dadamo, a former government at Dimensional Fund Advisors, joins the staff as senior director of M&A funding integration. Previous to becoming a member of DFA, Dadamo was knowledgeable tennis participant.
“In simply the final 12 months we now have added over 260 professionals to our regional wealth administration, wealth options and funding groups along with the numerous gifted professionals who’ve joined us by means of over 12 acquisitions in 2023 alone,” Mercer CEO Dave Welling stated in an announcement.
Mercer has been one of many nation’s most energetic acquirers. Its 2023 M&A complete adopted its most energetic yr on document, 2022, when the RIA introduced 20 offers totaling about $13 billion in transacted property.
Based in 1985, Mercer has 80 workplace places in 31 states, with about 1,060 staff—together with near 780 advisors—overseeing round $56 billion in whole shopper property.
Majority owned by Genstar, Oak Hill Capital and Altas Companions, Mercer has grown property by greater than 300% since 2017. On a mission to determine itself as a nationwide RIA, Mercer refreshed its branding and messaging early final yr to replicate that purpose.
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