Overview
Mercer Global Advisors is headquartered in Denver, CO and has approximately $59 billion in assets. The majority of that growth has been through a series of acquisitions over the years, including Kanaly Trust. Their Chief Investment Officer is Donald Calcagni. He chairs the investment committee, oversees all the portfolio construction, and is also the decision-maker in terms of manager due diligence. The investment committee is a combination of a lot of the prior CIOs of the RIAs that they have acquired. It is a sixteen-person investment committee.
The typical client for Mercer Global Advisors is in the range of $5-7 million. Mercer has a variety of models based off risk, tax efficiency, and return goals. Mercer also works with Envestnet in creating and supporting those models, especially from a rebalancing standpoint for keeping it to targets. They custody assets mainly through Schwab, TD, SEI, and Scottrade. However, with every acquisition, it opens another custodian for Mercer Global to work with. Historically, on the long only side, their core exposures have been heavy towards DFA and factor investing. They will use Parametric for tax optimization. Fees are a large consideration for this group. On the fixed income front, they tend to prefer mutual funds over ETFs and individual bonds. Mercer will invest in liquid alternatives. Historically, they have been heavy with AQR and, from a private fund standpoint, they manage an internal private fund of funds for accredited investors.
Mercer Global continues to acquire Cordasco Financial Network for $510 million in Philadelphia and Naples.
Mercer Acquisitions:
Spruce Hill Capital - 2015
Fabian Wealth Strategies - 2016
Kanaly Trust - 2016
Pegasus Advisors - 2016
Blue Moon Wealth Advisory - 2017
Duckworth Wealth Advisors - 2017
Novos Planning Associates - 2017
Ray Mignone Associates - 2017
Wealth Design Services - 2017
Beacon Wealth Management - 2018
Bell Wealth Management - 2018
FIM Group - 2018
MCDermott Advisory Group - 2018
Murray and Co - 2018
Pinnacle Investment Management - 2018
Sigma Investment Management Company - 2018
Traust Sollus Wealth Management - 2018
Adam Financial Associates - 2019
AI Hewitt Inc - 2019
Arbor Asset Management - 2019
Confluence Financial Advisors - 2019
Dragon Financial Group - 2019
Jackson Financial Management - 2019
Physicians Financial Advisors - 2019
Regent Wealth Management - 2019
Republic Wealth Advisors - 2019
Sage Future Financial - 2019
SD Financial Pathways - 2019
CPP inc - 2020
Argosy Wealth Management - 2020
Clearrock Capital - 2020
First Ohio Planning - 2020
MJ Smith and Associates - 2020
Summit Wealth Advisors, Inc - 2020
ACG Wealth Inc - 2021
AFI Wealth Strategies - 2021
Atlanta Financial Associates - 2021
Epstein and White Financial - 2021
ET George Investment Management - 2021
Hart Capital Management - 2021
Kays Financial Advisory Corporation - 2021
Lake Point Advisory Group - 2021
Marrs Wealth Management - 2021
McGee Wealth management - 2021
Miller Advisors - 2021
Mirsky Financial Management Corp - 2021
Pinnacle Wealth Solutions - 2021
Precipio Wealth Management - 2021
Quest Capital Management - 2021
Rowland Carmichael Advisors - 2021
Benemark - 2022
Berkson Asset Management - 2022
Bivin and Associates Inc - 2022
Convergent Wealth Management - 2022
Cordasco Financial Network - 2022
Fure Financial - 2022
HawsGoodwin Wealth - 2022
HYA Advisors - 2022
Sanford Advisory Services - 2022
Wrenn Financial Strategies - 2022
Day & Ennis - 2023
Kingfisher Capital - 2023
Frango Financial LLC - 2024
Platform Details