Oak Hill and Genstar-backed Mercer Advisors acquires Virginia wealth management firm

HCO serves approximately 120 clients and has approximately $150 million in assets under management.

  • Bruce Harrison founded HCO
  • Mercer Advisors was formed in 1985
  • Headquartered in Denver, Mercer has over $38 billion in client assets

Mercer Advisors, a national registered investment advisor, has acquired Roanoke, Virginia-based Harrison & Company Wealth Management, LLC. No financial terms were disclosed.

HCO serves approximately 120 clients and has approximately $150 million in assets under management. HCO was founded by Bruce Harrison, a senior partner.

On the transaction, Harrison said in a statement: “My partner Ian and I wanted to expand our service offering and also offload onerous, time-consuming responsibilities to free us up to do what we do best, servicing our clients at the highest level and winning new ones. We were introduced to David Barton, vice chairman and head of M&A at Mercer Advisors to discuss our option set and see if partnering with Mercer Advisors made sense. It was a perfect fit for me and my partner Ian A. Hamre, our team, and our clients.”

Established in 1985, Mercer Advisors is a fee-based investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. Mercer Advisors Inc. is a parent company of Mercer Global Advisors Inc, which is majority owned by both Oak Hill Capital and Genstar Capital.

Headquartered in Denver, Mercer has over $38 billion in client assets.