Denver-based Mercer Advisors on Wednesday announced the acquisition of Glass Jacobson Wealth Advisors, a Maryland-based wealth management firm with about $1 billion in assets under management (AUM) and offices in Owings Mills, near Baltimore, and Rockland, near Washington, that Mercer said adds to its tax and accounting expertise.
The transaction closed on Sunday and, as is the case with all firms that join Mercer, Glass Jacobson will change its name to the Mercer Advisors brand, a spokesperson for Mercer Advisors told WSR by email.
Glass Jacobson, founded in 2001, is led by CEO Jonathan Dinkins and supported by a team of more than 20 advisors, analysts and planners who serve over 660 families, Mercer said.
“The relationship began when Jonathan Dinkins saw one of Mercer’s speakers at a conference and inquired about succession planning, which initiated the conversation,” the Mercer spokesperson said.
Glass Jacobson originated from Glass Jacobson Financial Group, an accounting and tax practice started in 1962.
“For more than 60 years, our firm has helped clients manage their financial lives through a deeply personal, relationship-driven approach,” Dinkins said in a news release.
“Mercer Advisors shares our values, our fiduciary commitment, and our passion for empowering clients and our team.”
He added, “This partnership will allow us to enhance our resources and deliver the same holistic, client-centered service for generations to come.”
“Glass Jacobson Wealth Advisors has built a trusted reputation for delivering holistic, tax integrated financial advice,” Ben Kautz, Executive Managing Director at Mercer Advisors, said in the news release.
Kautz added, “Their enduring relationships and client-first culture align perfectly with Mercer Advisors’s founding principle of helping families achieve financial freedom with purpose and care.”
Joining Mercer gives Glass Jacobson access to family office capabilities, expanded estate and tax planning, and investment management, with support provided by over 100 investment professionals and more than 360 CFP practitioners, Mercer said.
Joining Mercer also provides “expanded career paths and growth opportunities for the next generation of Glass Jacobson leaders, while ensuring a cohesive continuity plan for clients,” according to Mercer.
“Glass Jacobson’s combination of heritage, leadership and vision makes them a natural fit for Mercer Advisors,” according to Ted Motheral, Principal, M&A Partner Development at Mercer.
“Their next-generation team exemplifies the kind of forward-thinking, fiduciary leadership that strengthens our platform and enhances the impact we can make in helping clients achieve their financial goals,” Motheral said in the release.
MarshBerry served as investment banker for Glass Jacobson Wealth Advisors in the transaction, Mercer said.
The acquisition of Glass Jacobson “marks Mercer’s 14th acquisition in 2025” after completing 11 purchases in 2024, the Mercer spokesperson told WSR.
The spokesperson added, “2025 will be Mercer’s most active year to date, with a robust and active pipeline extending into 2026. Strategically, this acquisition advances Mercer’s long-term plan of adding top talent.”
The RIA announced on Nov. 12 that it acquired Beach Freeman Lim & Cleland, a Southern California-based firm that provides tax, accounting and business advisory services to high net worth individual investors, families and business owners. That transaction also deepened Mercer’s tax capabilities, it said at the time.
Mercer now manages about $90 billion in client assets, with more than 1,400 employees and over 100 locations, it said Wednesday.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
