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Mercer Advisors Acquires Rmr Wealth Advisors, Llc

Jun 05, 2023•about 2 years ago

Acquiring Company

Mercer Global Advisors

Acquired Company

Mercer Global Advisors

DenverDenverFinancial ServicesFinancial Services

Description

Mercer Global Advisors, Inc. ("Mercer Advisors"), a national Registered Investment Adviser (RIA), today announced the acquisition of RMR Wealth Advisors, LLC (hereinafter "RMR"). RMR is a comprehensive wealth management firm located in Madison, Wisconsin. RMR was founded in 2009 by Erik Mikkelson CFP®, who is a co-owner of the company along with Doug Giageos CFP®, CFA®, and Lisa Sowls. The owners, along with a team of advisors and service professionals, serve over 150 clients with assets under management ("AUM") of approximately $350 million.

Company Information

Company

Mercer Global Advisors

Location

Denver, Colorado, United States

About

Mercer Global Advisors Inc. is a full-service wealth management firm providing investment advice, financial and estate planning, and trustee services. It is one of the largest Registered Investment Advisers and financial planning firms in the U.S. with $56 billion in client assets.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed