Finance of America Acquires Assets of American Advisors Group (AAG)

Mercer Advisors Acquires The Asset Advisory Group, Inc.

October 5, 2022

Financial Services

Mercer Global Advisors (Mercer Advisors) has acquired The Asset Advisory Group, Inc. (TAAG), a Cincinnati-based wealth management firm managing about $370 million in AUM across roughly 160 clients. The deal expands Mercer’s presence in Ohio and provides TAAG’s founders a succession solution while adding TAAG’s advisory team and capabilities to Mercer’s national RIA platform.

Advisor Group Acquires American Portfolios Financial Services, Inc.

June 22, 2022

Financial Services

Advisor Group announced a definitive agreement to acquire American Portfolios Financial Services, Inc., a full-service independent broker-dealer headquartered in Holbrook, New York. The firm — which supports more than 850 financial professionals across nearly 400 branches and manages about $40 billion in client assets — will remain branded and operationally independent; Lon T. Dolber will join Advisor Group as Vice Chairman. The deal, backed by Reverence Capital Partners, is subject to FINRA and other regulatory approvals and expands Advisor Group's network and capabilities for its financial professionals.

Mercer Advisors Acquires Adam Financial Associates, Inc.

December 3, 2019

Financial Services

Mercer Global Advisors (Mercer Advisors) acquired Adam Financial Associates, Inc. (AFA), a Boca Raton, Florida-based wealth management firm serving ~200 households with $190 million AUM. Mari Adam and her three-member team will join Mercer, expanding Mercer's Florida presence and increasing its total AUM to nearly $17.5 billion.

Alera Group Acquires Advanced Capital Group

September 5, 2024

Financial Services

Alera Group, a national insurance and financial services firm based in Deerfield, Illinois, has acquired Minnesota-based Advanced Capital Group (ACG). The deal adds $24 billion in retirement plan and wealth assets to Alera's Retirement and Wealth Services business (bringing the division to $45 billion); terms were not disclosed.

Private Advisor Group Acquires Investors Financial Group

March 16, 2022

Financial Services

Private Advisor Group, a Morristown, New Jersey-based independent wealth management firm, has acquired Minnesota-based registered investment advisor Investors Financial Group (IFG). IFG — comprised of nearly 30 advisors and staff and managing $1.86 billion in advisory AUM as of Dec. 31, 2021 — will transition RIA management to Private Advisor Group to gain practice management resources, scale, and succession planning support.

Wealth Enhancement Group Acquires Hoover Financial Advisors

June 3, 2021

Wealth Management

Wealth Enhancement Group, a TA Associates-backed independent wealth management firm, has acquired Hoover Financial Advisors, a Malvern, Pennsylvania-based RIA with $1.46 billion in total client assets. The deal brings HFA's 26-person team onto Wealth Enhancement Group's platform as the firm continues an acquisition-focused growth strategy to expand its Northeast U.S. footprint and enhance centralized back-office and technology capabilities.