SANTA BARBARA, Calif., Nov. 13, 2015 /PRNewswire/ -- Mercer Advisors Inc. ("Mercer Advisors"), a national Registered Investment Advisor firm based in Santa Barbara, today announced its acquisition of Spruce Hill Capital, LLC ("Spruce Hill"), an RIA firm managing $110 million in client assets, located in Guilford, CT.

The purchase allows Mercer Advisors to broaden its East Coast presence and accessibility to both current and future clients. As David H. Barton, Chief Executive Officer of Mercer Advisors, explains: "This acquisition, the first of many, heralds the beginning of our venture beyond organic growth alone, as we pursue our goal of becoming the first authentically national Registered Investment Advisor in the United States, offering our clientele the same best-in-class, high quality family office services across each of our 19 branches. This transaction is representative of strategic succession planning at its best – a winning solution for all parties – above all, the client. I'm thrilled to welcome Spruce Hill's employees and clients into the Mercer Advisors family."

Peter J. Nagle, CFP^®, Chief Executive Officer of Spruce Hill, adds: "Size means permanence in today's investment world. The deep bench and extensive resources available to us under Mercer Advisors' umbrella will help us maintain our foundational commitment of exceeding client expectations – now through a number of expanded service offerings."

About Mercer Advisors

Established in 1985, Mercer Advisors Inc. is a total wealth management firm that provides fee-only comprehensive investment management, financial planning, family office services, retirement benefits and distribution planning, estate planning, and tax management services to affluent individuals. 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 $6 billion in assets under management and more than 5,000 clients. Headquartered in Santa Barbara, California, Mercer Advisors is privately held, has over 175 employees and operates nationally with 19 branch offices across the country. For more information about Mercer Advisors, visit www.merceradvisors.com.

Contact

Mercer Advisors
David H. Barton, Chief Executive Officer
dbarton@merceradvisors.com
805.565.2584

Logo - http://photos.prnewswire.com/prnh/20151112/287071LOGO

SOURCE Mercer Advisors

Related Links

http://www.merceradvisors.com