DENVER — Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA) headquartered in Denver, has acquired McDermott Advisory Group, a respected RIA firm located in Wilmington, Delaware. McDermott provides a full complement of financial planning, investment management, and related services to its affluent and high net worth clients.
“We are delighted to be joining forces with McDermott Advisory Group and continuing to deliver services to their clients. McDermott is dedicated to delivering personalized financial planning and our partnership provides McDermott with enhanced services for clients, growth, and business continuity. Their clients will receive additional support from Mercer Advisors in multiple areas, including, tax planning, estate planning, retirement plan services, and more. In addition, the partnership provides business continuity to ensure advisors are available to provide trusted advice for generations to come,” said Dave Welling, chief executive officer of Mercer Advisors.
McDermott Advisory Group, LLC has more than $150 million of Assets Under Management (AUM), serves approximately 150 clients, and was founded in 2006 by Daniel M. McDermott, CFP®, a 30-year industry veteran. This acquisition brings Mercer Advisors’ total offices to 36 and AUM to nearly $15 billion and expands its presence on the East Coast.
“Mercer Advisors’ service model is second to none and they allowed me to customize my role with them post-transaction. Their approach to partnering with firms like mine was unique, and I had met with several serial acquirers before talking to Dave Barton, Mercer Advisors’ Vice Chairman,” said Founder Dan McDermott. “The ability to design my ‘life after’ sale was important to me as I transition from active operator to just focusing on doing things I love. Working with Mercer Advisors extends my career by creating work-life balance.”
