Mercer Global Advisors, a Denver-based registered investment adviser managing $38 billion, has acquired Bivin and Associates, a Ponca City, Oklahoma-based RIA founded in 1994 and managing $130 million.
Terms of the acquisition were not disclosed.
The entire Bivin team, headed by founder and President Stan Bivin, will join Mercer, the firm said in a press release Thursday.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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