News Summary
Mercer Global Advisors has acquired O’Brien Wealth Partners, enhancing its presence in Greater Boston. O’Brien, a woman-owned investment firm managing $1.1 billion, focuses on empowering clients, especially women and nonprofits. The acquisition aims to offer clients a comprehensive suite of financial services, boosting growth and service quality while addressing financial disparities in the region.
WALTHAM, Massachusetts – Mercer Global Advisors has expanded its presence in Greater Boston by acquiring O’Brien Wealth Partners, a woman-owned investment firm based in Waltham. O’Brien Wealth Partners, which has been providing comprehensive wealth management and planning services since its establishment in 1986, manages approximately $1.1 billion in assets for its diverse client base of over 500 high-net-worth individuals, families, and nonprofits.
The acquisition is designed to enhance O’Brien Wealth’s service offerings while maintaining its commitment to financial empowerment, particularly for women and couples, as well as nonprofits with a focus on sustainability. This strategic partnership will allow O’Brien Wealth’s clients to benefit from Mercer Advisors’ extensive suite of integrated family office services, which includes estate planning, tax strategy, corporate trustee services, and advanced investment management.
Jill Fopiano, President and CEO of O’Brien Wealth Partners, expressed that joining forces with Mercer Advisors will facilitate thoughtful growth and maintain high standards for client service. Mercer Advisors aims to boost O’Brien Wealth’s growth trajectory while ensuring career development opportunities for its team members.
This acquisition marks the 104th transaction for Mercer Advisors since 2016, underscoring its aggressive strategy to expand its footprint in the registered investment advisor (RIA) market. Founded in 1985 and headquartered in Denver, Mercer Advisors now oversees $72 billion in client assets and operates through over 100 locations nationwide.
According to Dave Welling, CEO of Mercer Advisors, O’Brien Wealth is recognized as one of New England’s most respected advisory firms, well-known for its integrity and strong client relationships. The merger reflects Mercer Advisors’ commitment to increasing diversity within its leadership while fostering a collaborative atmosphere in financial planning.
Colchester Partners served as the exclusive financial advisor to O’Brien Wealth Partners throughout the acquisition process. This partnership is seen as a step toward fulfilling Mercer Advisors’ goal of delivering personalized, planning-led financial advice tailored to the evolving needs of clients.
The acquisition also aligns with broader initiatives in Greater Boston aimed at addressing financial disparities. For instance, first-generation housing projects like Brookley Flats are designed to tackle the racial wealth gap in the region by enabling homeownership for first-time buyers whose parents have never owned a home in the U.S.
With this acquisition, Mercer Advisors not only enhances its service capabilities but also reinforces its commitment to providing holistic financial solutions that cater to a diverse clientele. As both firms move forward, they anticipate a future focused on innovation and client-focused growth in the wealth management landscape.
Deeper Dive: News & Info About This Topic
- Business Wire: Mercer Advisors Expands in Greater Boston
- Wikipedia: Financial Advisor
- Financial Advisor Magazine: Mercer Advisors Buys $1.1B Firm
- Google Search: Mercer Advisors Greater Boston
- Boston.com: New Boston Development for First-Generation Home Buyers
- Encyclopedia Britannica: Racial Wealth Gap
- Timeout: Richest Suburbs in U.S.
- Google News: O’Brien Wealth Partners
Author: STAFF HERE BOSTON WRITER
BOSTON STAFF WRITER The BOSTON STAFF WRITER represents the experienced team at HEREBoston.com, your go-to source for actionable local news and information in Boston, Suffolk County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Boston Marathon, Head of the Charles Regatta, and Boston Harborfest. Our coverage extends to key organizations like the Greater Boston Chamber of Commerce and Associated Industries of Massachusetts, plus leading businesses in finance, biotech, and insurance that power the local economy such as Fidelity Investments, Biogen, and Liberty Mutual Insurance. As part of the broader HERE network, we provide comprehensive, credible insights into Massachusetts's dynamic landscape.
