Genstar Capital-backed Mercer Advisors Inc has acquired Costa Mesa, California-based Fabian Wealth Strategies, a registered investment advisory firm. No financial terms were disclosed.
SANTA BARBARA, December 14, 2016 – Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Advisor firm based in Santa Barbara, has acquired Fabian Wealth Strategies (“Fabian Wealth”), an RIA firm managing $95 million in client assets, located in Costa Mesa, California.
CEO David Barton reports, “Mercer Advisors continues to add talent and branch office presence and distribution in accordance with our strategic plans. Southern California is definitely a market in which we’re keen to expand our already significant presence.”
According to Doug Fabian, President of Fabian Wealth, “Mercer Advisors shares our vision of how to operate a fee-only practice by providing independent, objective advice without any product sales agenda. Our affiliation with Mercer Advisors will allow us to deliver a broader range of specialized offerings, including turnkey asset management, in-house estate planning, executive benefits consulting, family office services, and trust administration. We’re now more capable and client-focused than ever before.”
“We are excited to have Doug and his team on board and to merge Fabian Wealth into our existing Newport Beach office,” adds Barton. “Doug and his advisory team – with deep local roots and extensive knowledge of the Orange County market – will gain the added strength and stability of a national powerhouse with 30 years of experience. Together, we’re ideally positioned to offer our Southern California clients a compelling Family Office value proposition ranging from world-class investment advice, financial and retirement planning, in-house estate and tax planning, asset protection advice, through to corporate trustee and trust administration services, all for one low fee.”
Anthony Salewski, a Board member of Mercer Advisors and Managing Director of Genstar Capital, which acquired Mercer in 2015, said, “We continue to be very pleased with Mercer’s growth and the company’s expansion will accelerate from strategic add-on acquisitions into important and growing geographic markets.”
About Mercer Advisors
Established in 1985, Mercer Advisors Inc. is a total wealth management firm that provides comprehensive, fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection expertise, and corporate trustee and trust administration services. Mercer Advisors is the parent company of Mercer Global Advisors, one of the largest Registered Investment Advisors and financial planning firms in the U.S. with over $9.4 billion in assets under management and more than 6,200 clients. Headquartered in Santa Barbara, California, Mercer Advisors is privately held, has over 200 employees, and operates nationally through 22 branch offices across the country. For more information, visit www.merceradvisors.com.