On May 28, 2025, InCap Group announced Mercer Global Advisors’ acquisition of Tufton Capital Management.
InCap Group (“InCap”) announced, on May 28, 2025, Mercer Global Advisors’ (“Mercer”) acquisition of Tufton Capital Management (“Tufton”). Under the terms of the transaction, Tufton’s team, including Managing Partner Chad Meyer, will join Mercer. Further terms of the deal were not disclosed.
Mercer, based in Denver, is a registered investment advisor that provides 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. As of March 2025, Mercer had approximately $71 billion in assets under management.
Tufton, based in Hunt Valley, Maryland, is a registered investment advisor providing comprehensive investment management and financial planning services to high net worth individuals, families, and institutions. As of this transaction, Tufton had approximately $800 million in assets under management. InCap served as exclusive financial advisor to Tufton.
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