Mercer Global Advisors Inc., a registered investment adviser, announced its acquisition of Benchmark Wealth Management LLC, further expanding its footprint in the Northeast. Benchmark, based in Old Lyme, Connecticut, focuses on financial planning and wealth management for high-net-worth individuals. CEO Dave Welling of Mercer Advisors mentioned the smooth integration of Benchmark due to similar client-focused strategies. Principals of Benchmark, Richard Stout III and Thomas Britt, expressed confidence in the merger, highlighting the opportunity to provide additional services such as estate planning and tax guidance. The deal brings over 300 high-net-worth clients under the Mercer umbrella, representing approximately $412 million in assets. This acquisition is Mercer’s 86th since 2016 and its fourth in 2024.
Investment Advisory, Wealth Management, Financial Planning,United States, Connecticut
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