Mercer Global Advisors, Inc., operating as Mercer Advisors, said it has acquired McConnell Financial Advisors, a Boise, Idaho-based boutique financial planning firm with approximately $130 million in assets under management. The deal expands Mercer Advisors’ footprint in Idaho, including its reach across Boise and its growing client base in Sun Valley, and builds on the firm’s existing presence in both markets.
McConnell Financial Advisors provides comprehensive financial planning and investment management for clients across multiple life stages. The firm is built around its “Life by Design” philosophy, which helps clients define a long-term personal vision and align financial decisions with broader goals and purpose. The firm also has a focus on serving women, while working with clients of all backgrounds who want proactive planning and an intentional approach to wealth management.
Mercer Advisors said the acquisition supports its continued growth across the Mountain West and adds momentum to its Women & Wealth initiatives, which the firm framed as supporting women as clients, advisors, and leaders across the wealth management profession. Mercer Advisors reported $90 billion in client assets and said it operates nationally through more than 100 locations with over 1,400 employees.
The firms said the partnership is designed to preserve McConnell Financial Advisors’ relationship-driven experience while adding scale and additional resources through Mercer Advisors’ broader platform and planning capabilities. Mercer Advisors is a national registered investment adviser and said it provides fee-based family office services, including financial planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. Mercer Advisors also said it is privately held and majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners.
KEY QUOTES:
“McConnell Financial Advisors exemplifies a purpose-driven advisory firm built on shared values and a deep belief in doing what’s right for clients. Their planning-first philosophy and focus on empowering women through financial confidence reflect the very best of what our profession can offer.”
Laura Combs, Executive Managing Director, Mercer Advisors
“A financial plan is more than just numbers, it’s the foundation for a life you’ll cherish. I was looking for a partner that believed in doing the right thing for clients and understood that when you lead with purpose, success follows. Mercer Advisors stood out for its deep bench of planning expertise, strong culture and ability to help us scale our impact without losing what makes us special.”
Renée McConnell, Founder and CEO, McConnell Financial Advisors
“Renée and her team bring an authentic, relationship-driven approach rooted in trust and thoughtful financial guidance. Their holistic wealth management expertise and long-term client commitment strengthen our promise to deliver comprehensive, fiduciary advice across every stage of life.”
Martine Lellis, Executive Managing Partner, M&A Partner Development, Mercer Advisors
