Mercer Global Advisors – a national Registered Investment Adviser (RIA) – recently announced the acquisition of Veerkloh, LLC d/b/a River Glen Wealth Counselors. And River Glen is a comprehensive wealth management firm located and operating in West Des Moines, Iowa.
River Glen was founded by Matt Busick, CFP in 2008 and serves about 160 clients with assets under management (AUM) of $275 million. And Randy Von Fumetti, an industry veteran, brought his practice to River Glen in 2015.
After Matt started his career in financial planning, the industry was filled with proprietary products and sales quotas. And the idea that financial planning could be truly relationship-based and focused solely on what’s best for clients resonated with Matt and Randy and they committed themselves to those ideals as their guiding principles.
Launched in 1985, Mercer Global Advisors is a total wealth management and financial planning 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. And Mercer Advisors is a parent company of Mercer Global Advisors Inc. (RIA), and Regis Acquisitions, Inc. (RIA). Both are majority owned by Oak Hill Capital, Genstar Capital, and Altas Partners. Mercer Global Advisors is based in Denver, Colorado, is privately held, has 1,010 employees, and operates nationally through 80 locations across the country. Mercer Advisors manages over $50 billion in client assets.
KEY QUOTES:
“Randy and I had reached that point in our business where we had to either invest significantly to scale our business to support further growth, or, alternatively, join a firm that had already made those investments and successfully institutionalized their business. We were introduced to David Barton, Mercer Advisors’ former CEO, who now heads up mergers and acquisitions. After many meetings with Dave and his team, we realized we shared the same mission, vision and values around serving clients, while at the same time allowing us to provide an expanded service offering to our clientele like in-house estate planning, tax return preparation, ERISA services, corporate trustee services, etc.”
— Matt Busick, CFP and Founder
“The fit for our two organizations could not be better and we are thrilled to be joining Team Mercer Advisors!”
— Randy Von Fumetti, Managing Partner
“Matt and Randy are highly skilled wealth managers with comprehensive industry experience. They are dedicated to providing high-touch financial planning to their clients, exactly the people and organization we seek to partner with.”
— David Barton, Vice Chairman, who led the acquisition of River Glen on behalf of Mercer Advisors
“River Glen is a perfect fit for us and most importantly, Matt and Randy and their team are high integrity professionals. We are thrilled they are joining the Mercer Advisors team and look forward to working together to deliver meaningful results for our shared clients.”
— Dave Welling, Chief Executive Officer of Mercer Advisors
