Mercer Advisors on Friday announced the acquisition of Naples, Florida-based Family Wealth Planning Group and affiliate Family Wealth Tax Advisory, which manage about $1.2 billion in assets for over 200 families. Family Wealth was previously with Raymond James.
The transaction, which represents the third RIA exceeding $1 billion in assets to join Mercer in the past three months, expands the firm’s footprint in Florida, Mercer pointed out.
The acquisition also adds local talent and broadening service capabilities across Southern Florida, according to Mercer.
The acquisition closed on Thursday, a Mercer spokesperson told WSR.
“Mercer Advisors has a strong track record of success partnering with Raymond James advisors, and Family Wealth Planning Group is part of that broader platform,” the spokesperson said.
Regarding Mercer’s M&A plans for the rest of 2025, the spokesperson added, “We have a strong pipeline and anticipate maintaining our current pace of new partner onboarding, aiming to bring on 15 to 20 partner firms this year. Our strategy centers on identifying culturally aligned partners that embrace its integrated partnership model, with a strong focus on financial planning and delivering holistic wealth management services. We don’t anticipate a slowdown in activity and have dedicated resources to support inorganic growth, including partner onboarding, integration and success.”
Family Wealth serves high net worth families, business owners and executives, providing family wealth planning, investment management, estate and tax planning, and next-generation education, Mercer noted.
“Partnering with Mercer Advisors enables us to enhance how we serve our clients—now and in the future—while continuing to support our team,” said Tom LaMacchio, Principal and Founder of Family Wealth. “As a trusted decision-making partner to our client families, our firm is built on being proactive, providing holistic solutions through a financial plan and empowering families [to] act in their long term best interest.”
“Mercer Advisors’ extensive resources, especially in tax, estate and investment planning, will help us increase our impact while preserving the long-term continuity of the business,” said Nadia Keric, Principal and Owner of Family Wealth.
“All nine team members, including LaMacchio and Keric, will remain with the firm following the transaction,” according to Mercer.
Family Wealth represents the 20th women-led partner firm to join Mercer, where women now comprise almost 50% of the client-facing team, Mercer said.
“When we first met with Tom and Nadia, we saw a passion for client service like our own,” according to Dave Welling, CEO of Mercer. “We are excited to join the Family Wealth team in serving more clients in Southern Florida. Their dedication to personalized, multigenerational wealth management also aligns with evolving client needs that we see across the country and prominently in Florida.”
“Our recent M&A momentum, welcoming three $1 billion-plus RIAs in just three months, demonstrates the strength embedded in the shared values behind these partnerships,” according to Martine Lellis, Principal, M&A Partner Development, Mercer.
“We’re proud to support Family Wealth as they embark on this next chapter and are honored to be their partner,” she said.
The deal for Family Wealth follows the acquisitions of O’Brien Wealth Partners, a Waltham, Massachusetts-based firm led by women managing about $1.1 billion in client assets that widened Mercer’s footprint in the Greater Boston area, and Full Sail Capital, an Oklahoma City-based firm managing $2 billion in client assets.
Full Sail marked Mercer’s second acquisition in Oklahoma and expanded its presence in Texas and Oklahoma to over $7 billion in client assets under management (AUM), according to Mercer.
As of May 31, Mercer had $77 billion in client assets, it said.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
