Mercer Advisors acquires Glass Jacobson

US-based registered investment adviser (RIA) Mercer Global Advisors (Mercer Advisors) has acquired Glass Jacobson Wealth Advisors, a wealth management firm with nearly $1bn in assets under management (AUM). 

Glass Jacobson Wealth Advisors, which was established in 2001, is led by CEO Jonathan Dinkins and operates with a team of more than 20 planners, advisors and analysts. 

The firm serves over 660 families and originated from accounting and tax practice Glass Jacobson Financial Group, established in 1962. 

Glass Jacobson has combined accounting and tax expertise with full-service wealth management since its inception. 

Mercer Advisors said the deal strengthens its presence in the Mid-Atlantic region and expands its reach across the Baltimore and Washington, DC corridor. 

Mercer Advisors executive managing director Ben Kautz said: “Glass Jacobson Wealth Advisors has built a trusted reputation for delivering holistic, tax-integrated financial advice. 

“For decades, they’ve been a cornerstone of the Mid-Atlantic financial community, serving generations of families and business owners with the kind of local insight and personal commitment that can only come from deep roots in the region. 

“Their enduring relationships and client-first culture align perfectly with Mercer Advisors’ founding principle of helping families achieve financial freedom with purpose and care.” 

With the acquisition, Glass Jacobson gets access to integrated suite of services, including expanded estate and tax planning expertise, family office capabilities, and institutional-grade investment management. 

These offerings will be supported by more than 100 investment professionals and over 360 CFP practitioners. 

Additionally, the partnership creates expanded career paths and growth opportunities for Glass Jacobson’s next generation of leaders, while ensuring continuity for clients, said Mercer Advisors. 

MarshBerry acted as Glass Jacobson Wealth Advisors’ investment banker in the transaction. 

Mercer Advisors operates from more than 100 locations across the US, and has client assets of $90bn. 

In May this year, Mercer Advisors acquired Lewis Wealth Management, a Denver, Colorado-based RIA that manages around $75m in client assets. 

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