Mercer Global buys $238 million RIA

Mercer Global Advisors, a Denver-based wealth management firm managing $37 billion, has acquired Wrenn Financial Strategies, a Raleigh, North Carolina-based registered investment adviser managing $238 million.

Maxie Edward Wrenn, Jr. and Janice Wrenn, who founded the firm in 1988, have joined Mercer with their entire team.

The founders said that business succession was a major consideration in their decision to sell the firm.

This is the third deal that Mercer has announced this week. On Wednesday, Mercer acquired HawsGoodwin Investment Management, a Franklin, Tennessee-based registered investment adviser managing $680 million. On Tuesday, Mercer acquired Cordasco Financial Network, a registered investment adviser managing $510 million in Naples, Florida.

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The post Mercer Global buys $238 million RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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