On January 25, 2021, Mercer Global Advisors, Inc. announced its acquisition of Marrs Wealth Management, LLC.
Under the terms of the transaction, Mercer Global Advisors, Inc. (“Mercer”) acquired Marrs Wealth Management, LLC (“Marrs”). Four Marrs team members will be joining Mercer. The transaction closed on December 31, 2020. Terms of the deal were not disclosed.
Mercer, based in Denver, Colorado, is a registered investment adviser specializing in investment advice, corporate trustee and trust administration services, and financial and estate planning, and taxes. As of December 31, 2020, Mercer had approximately $27 billion in client assets.
Marrs, based in Ames, Iowa, is a registered investment adviser that provides wealth management services to high net worth clients. As of December 31, 2020, Marrs had approximately $215 million in assets under management.
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