Mercer Global Advisors Announces Acquisition of Benchmark Wealth Management

Mercer Global Advisors Inc., a registered investment advisor, announced the acquisition of Benchmark Wealth Management LLC, expanding Mercer Advisors’ presence in the Northeast.

“Because both firms are built on financial planning and client experience, it was easy to see that the Benchmark team would be a great fit and integrate seamlessly,” Dave Welling, CEO of Mercer Advisors, said in a statement. “We are thrilled to have them join the Mercer Advisors team and strengthen our growing presence in Connecticut and the Northeast.”

Based in Old Lyme, Connecticut, Benchmark offers financial planning and wealth management to high-net-worth professionals and retirees. Principals Richard Stout III and Thomas Britt combined their separate practices in 2007 to form Benchmark.

“We’ve spent nearly two decades building a client experience that focuses on building depth and trust in our client relationships,” Stout said in a statement. “When we met the Mercer Advisors team, we were confident that our clients would continue to receive the highest level of care and that we would have opportunities to further deepen those relationships by adding services such as estate planning, tax advice and more.”

Benchmark serves more than 300 clients, primarily high net worth, representing approximately $412 million in assets under advice. David Barton, vice president and M&A leader at Mercer, led the acquisition.

“Rick and Tom are highly experienced planners with a knack for managing larger clients,” Barton said in a statement. “In addition to our like-minded service model, Mercer Advisors gains additional expertise in serving high-net-worth clients and broader reach in an important market for us.”

Benchmark is Mercer Advisor’s 86th acquisition since 2016 and fourth in 2024. Acquisitions this year include Transitions Wealth Management LLC, River Glen Wealth Counselors and MDK Private Wealth Management LLC in March.