River Glen was founded by Matt Busick in 2008 and serves approximately 160 clients with assets under management of $275m. Randy Von Fumetti, an industry veteran, brought his practice to River Glen in 2015.
Matt Busick, CFP and Founder, said: “Randy and I had reached that point in our business where we had to either invest significantly to scale our business to support further growth, or, alternatively, join a firm that had already made those investments and successfully institutionalised their business. We were introduced to David Barton, Mercer Advisors’ former CEO, who now heads up mergers and acquisitions. After many meetings with Dave and his team, we realized we shared the same mission, vision and values around serving clients, while at the same time allowing us to provide an expanded service offering to our clientele like in-house estate planning, tax return preparation, ERISA services, corporate trustee services, etc.”
Randy Von Fumetti, managing partner, continued: “The fit for our two organisations could not be better and we are thrilled to be joining Team Mercer Advisors!”
David Barton, vice chairman, who led the acquisition of River Glen on behalf of Mercer Advisors, added: “Matt and Randy are highly skilled wealth managers with comprehensive industry experience. They are dedicated to providing high-touch financial planning to their clients, exactly the people and organisation we seek to partner with.”
Dave Welling, chief executive officer of Mercer Advisors, stated: “River Glen is a perfect fit for us and most importantly, Matt and Randy and their team are high integrity professionals. We are thrilled they are joining the Mercer Advisors team and look forward to working together to deliver meaningful results for our shared clients.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData