Mercer Advisors Acquires Vintage Financial Services, LLC

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Dec 06, 2022, 08:05 ET

Expanding Mercer Advisors' Michigan Presence

DENVER, Dec. 6, 2022 /PRNewswire/ -- Mercer Global Advisors, Inc. ("Mercer Advisors"), a national Registered Investment Adviser (RIA), today announced the acquisition of Vintage Financial Services, LLC (hereinafter "Vintage"). Vintage is a comprehensive wealth management firm located in Ann Arbor Michigan focusing on serving the financial needs of its clients. Frank Moore ("Frank"), MS, CFP® founded Vintage in 1985 and together with partner Jack McCloskey, MS, CFP® and their team of professionals, built a leading RIA serving over 500 clients with assets under management ("AUM") exceeding $850 million. The entire Vintage team will be joining Mercer Advisors.

Frank is well known nationally in the financial planning community, having served as Chairman of the Board of NAPFA, the National Association of Personal Financial Advisors. In his role, he worked with the leadership of the Financial Planning Association and the Certified Financial Planner Board to help promote and shape the Department of Labor's Fiduciary rule that requires all financial advisors to put their client's interests first when advising on IRA assets.

Frank has been named by Barron's magazine as one of America's Top 1,200 Financial Advisors for the past five years and is ranked #13 in Michigan for 2022. He was also recognized by Forbes magazine on their Best-in-State Wealth Advisor list as the highest ranked advisor in Washtenaw County in 2022. Forbes put him at #15 in Michigan for 2022.

Jack McCloskey, who joined Vintage in 2011, was recently named to Investment News 40 Under 40 which honors industry professionals for their accomplishments, contribution to the industry, leadership, and promise.

Frank Moore, Founder, commenting on the transaction, stated: "A lot of firms expressed interest in having us join them, but we didn't see a good fit until we found Mercer Advisors. Their client-first focus by leading with comprehensive financial planning aligns well with our services to our clients. Our clients will continue to receive proactive advice on investments, tax planning and preparation and other areas of their financial lives with the addition of estate planning and trustee services that a national-scale firm can provide. We've prided ourselves on offering high touch, fiduciary, client-focused advice and by joining Mercer Advisors we can take that to a new level. Our team is excited about what it means for our clients."

David Barton, Vice Chairman, who led the acquisition of Vintage on behalf of Mercer Advisors stated: "Frank has built an incredible firm and their culture of high quality, white glove client care is exactly what we look for in a new partner. Also, Vintage has a deep and highly credentialed staff which is a prized asset in our talent-starved industry. This is a true win-win and together we look forward to expanding our Michigan presence."

Dave Welling, Chief Executive Officer of Mercer Advisors, said, "The business combination between Mercer Advisors and Vintage is perfect fit with both firms anchoring on financial planning. We are thrilled they are joining the Mercer Advisors team and look forward to working together to help deliver meaningful results for our shared clients."

Vintage is Mercer Advisors' third acquisition in Michigan since 2016. Including Vintage, Mercer Advisors' teams in Michigan work with over 2,400 clients who entrust over $2.7B in assets to Mercer Advisors as their wealth advisor.

About Mercer Advisors

Established in 1985, Mercer Global Advisors Inc. ("Mercer Advisors") is a total wealth management firm that provides comprehensive, 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. Mercer Advisors Inc. is a parent company of Mercer Global Advisors Inc. (RIA), majority owned by both Oak Hill Capital and Genstar Capital, one of the largest Registered Investment Advisors and financial planning firms in the U.S. with over $37 billion in client assets. Headquartered in Denver, Mercer Advisors is privately held, has over 800 employees, and operates nationally through 70+ offices across the country. For more information, visit www.merceradvisors.com.

Data as of September 30, 2022. AUM includes affiliates and wholly owned subsidiaries.

Mercer Global Advisors Inc. is registered with the Securities and Exchange Commission and delivers all investment-related services. Mercer Advisors Inc. is the parent company of Mercer Global Advisors Inc. and is not involved with investment services.

Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning documentation preparation and other legal advice is provided through its affiliation with Advanced Services Law Group, Inc. Trustee Services are offered through National Advisors Trust Company.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP^® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP^® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Please Note: Limitations. Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Mercer Advisors or its investment professionals are engaged, or continues to be engaged, to provide investment advisory services. A fee was not paid by either Mercer Advisors or its investment professionals to receive the award or ranking. The award or ranking is based upon specific criteria and methodology (see ranking criteria/methodology). No ranking or recognition should be construed as an endorsement by any past or current client of Mercer Advisors or its investment professionals.

InvestmentNews 40 Under 40 2022: Each year, the InvestmentNews editorial team reviews more than 1,000 nominations to create a list of 40 outstanding financial advisers, or industry professionals supporting advisers, who are 39 or younger. Nominees must be under the age of 40 on June 6, 2022, which is the date InvestmentNews' 40 Under 40 honorees will be announced. Honorees are judged on their accomplishments, contribution to the industry, leadership and promise.

Barron's Top 1200 Financial Advisors 2022: Advisors who wish to be ranked fill out a 102-question survey about their practice. Barron's verifies that data with the advisors' firms and with regulatory databases and then applies their rankings formula to the data to generate a ranking. The formula features three major categories of calculations: (1) Assets (2) Revenue (3) Quality of practice. In each of those categories Barron's does multiple sub calculations. The rankings are based on data provided by around 6,000 of the nation's most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice, and philanthropic work. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.

Forbes Best-In-State Wealth Advisors 2022: The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, gained through telephone, virtual and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Mercer Global Advisors Inc.