On April 4, 2023, Mercer Global Advisors announced the acquisition of Adnesa Financial Management, Inc.
Under the terms of the transaction, Mercer Global Advisors (“Mercer”) acquired Andesa Financial Management (“Andesa”). Financial terms were not disclosed.
Mercer, based in Denver, is a registered investment advisor that provides investment management and financial planning services. Mercer has over $48 billion in assets under management.
Andesa, based in Allentown, Pennsylvania, is a wealth management firm catering to individuals and families. Andesa manages $330 million in client assets.
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