The latest acquisition is Atlanta, Georgia-based Resource Planning Group, which serves more than 330 clients. 

John E Howard, founder, and principal founded RPG with his wife Georgia Howard in 1991. Rounding out the partner group are John Evans III, principal and lead advisor, and Alan Thomson, principal, and lead advisor. All team members are joining Mercer.

“The business combination between Mercer Advisors and RPG is a perfect fit with both firms anchoring on financial planning. We are thrilled they are joining the Mercer Advisors team and expanding our already significant presence in the Southeast,” Dave Welling, chief executive, Mercer Advisors, said.

While the wider wealth management M&A market has slowed in recent weeks as financial market conditions have turned more volatile, the forces shaping corporate deals haven’t gone away, with a need for economies of scale to handle regulatory costs and rising client demands, and a desire for business owners to retire and sell up.

Based in Denver, Mercer Global Advisors, majority owned by both Oak Hill Capital and Genstar Capital, is a wealth management firm with over $37 billion in client assets. Earlier this week, Mercer acquired Vintage Financial Services, a wealth management firm located in Ann Arbor Michigan.