Mercer Global Advisors, a national Registered Investment Adviser (RIA), announced the acquisition of Frango Financial. Frango is an RIA that delivers comprehensive financial planning services to working professionals primarily in Washington, D.C., Virginia, Maryland, and South Carolina. Managing about $110 million in client assets, Frango is dedicated to guiding individuals and families to make informed financial decisions.
Launched in 2011, the firm offers investment management, retirement planning, insurance and risk management, education funding, cash flow management, and tax and estate planning services. Frango consists of the two-person team of president and founder Frances (Fran) Goldman, CFP, and advisor Pamela Postma Khinda, CFP. The team partnered with Mercer Advisors to sustain and expand its premium client service.
KEY QUOTES:
“Our commitment is to deliver value that exceeds our fee, and it was important for us to identify a partner with whom we had strong cultural and fiduciary alignment. We are excited to join forces with Mercer Advisors and leverage their expanded resources to help us further secure our clients’ financial futures.”
- Frances (Fran) Goldman
“With women increasingly taking the lead with managing their own and their families’ finances, we see a tremendous opportunity for Frango Financial and Mercer Advisors to provide financial guidance that truly resonates with their experiences and goals. With almost half of our client-facing associates being women, we are able to bring an empathetic, relatable perspective that aligns with the priorities and challenges many of our female clients face. The addition of Frango Financial will not only further bolster our presence in the Washington, D.C. and Charleston metro areas but also strengthens our ability to deliver relevant, personalized advice that can help empower women at every stage of their financial life.”
- Dave Welling, CEO of Mercer Advisors
“Fran and Pamela bring together financial acumen and a deep commitment to their clients’ best interests—qualities that embody the fiduciary principles we value and seek to support. Frango Financial has already established a solid foundation, and we are eager to support their next chapter.”
- Martine Lellis, Principal, M&A Partner Development at Mercer Advisors
