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January 4, 2019

Mercer Advisors takes over Dragon Financial Group

Colorado-based Mercer Advisors has acquired Dragon Financial Group, a financial planning and investment management services provider based in California.

Owned by principals Joseph Mah and Marie Chao, Dragon tends to clients in the San Francisco Bay area.

The deal, whose financial terms were not revealed, adds over $110m in assets to Mercer’s books.

The acquisition also expands Mercer’s California branch count to seven and its total branch count to 38.

Mercer vice chairman David Barton said: “Mercer Advisors is an excellent cultural fit for Joe, Marie, and their team. We both believe in the fee-only, fiduciary, planning centric business model and share an unwavering commitment to put clients first.

“Likewise, we both integrate high technology throughout our service offering to ensure clients receive cutting edge advice 24/7 through formats and mediums relied upon in our on-demand world.”

The latest deal continues Mercer’s expansion through acquisition. Last year, the firm purchased McDermott Advisory Group, Financial & Investment Management Group, Sigma Investment Management Company, Beacon Wealth Management, and Bell Wealth Management, among others.

Mercer CEO Dave Welling said: “We are delighted to be joining forces with Joseph and Marie and the entire seven-member Dragon Team.

“Their “personal CFO” service philosophy mirrors our Family Office business model and actualises their vision for comprehensive, multi-disciplinary client care.”

 

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