Mercer Global Advisors Acquires River Glen Wealth Counselors
Mercer Global Advisors, a national Registered Investment Adviser (RIA), has recently announced its acquisition of River Glen Wealth Counselors, an esteemed comprehensive wealth management firm located in West Des Moines, Iowa. The move comes as Mercer Advisors seeks to expand its service offerings and enhance its commitment to providing personalized financial planning solutions to clients across the country.
Founded in 2008 by Matt Busick, Certified Financial Planner (CFP), River Glen serves approximately 160 clients and manages assets under management (AUM) totaling $275 million. In 2015, Randy Von Fumetti, an industry veteran, joined River Glen, further contributing to its success and growth.
Matt Busick, reflecting on their decision to merge with Mercer Advisors, explained, Randy and I had reached a point in our business where we had to choose between investing significantly to scale our operations for further growth, or joining a firm that had already made those investments and successfully institutionalized their business. After multiple meetings with David Barton, former CEO of Mercer Advisors and the current head of mergers and acquisitions, we realized that our mission, vision, and values aligned perfectly. Joining Mercer Advisors enables us to expand our service offerings to include in-house estate planning, tax return preparation, ERISA services, corporate trustee services, and more.
Expressing enthusiasm about the partnership with Mercer Advisors, Randy Von Fumetti, Managing Partner at River Glen, stated, The fit between our two organizations could not be better, and we are thrilled to be joining Team Mercer Advisors!
David Barton, Vice Chairman of Mercer Advisors and the driving force behind the acquisition of River Glen, expressed admiration for Matt and Randy’s wealth management expertise, saying, Matt and Randy are highly skilled wealth managers with comprehensive industry experience. They are dedicated to providing high-touch financial planning to their clients, which perfectly aligns with the people and organizations we seek to partner with.
Mercer Global Advisors, established in 1985, is renowned as a total wealth management and financial planning firm. With its headquarters in Denver, Colorado, Mercer Advisors is privately held and boasts a team of 1,010 employees. Operated through 80 locations across the country, Mercer Advisors manages over $50 billion in client assets. Its comprehensive range of services includes 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.
The acquisition of River Glen by Mercer Global Advisors signifies a significant step forward in expanding their footprint in the wealth management industry. The mutual dedication to delivering exceptional client service and innovative financial planning solutions positions this merger as a promising development for both firms.
Matt and Randy, along with their seasoned team, will play pivotal roles in the continued success of Mercer Advisors as they collaborate to provide unparalleled support and guidance to their shared clientele.
This partnership opens up new avenues for growth and solidifies Mercer Advisors’ position as a leading player in the wealth management landscape. As they unite their expertise and shared values, the collective mission of Mercer Global Advisors and River Glen Wealth Counselors is to empower clients and achieve long-term financial success together.
