Advisory M&A News – 1/7/2026

Mercer Global Advisors Closes 2 Acquisitions, Adds $905M in Client Assets

Mercer Global Advisors Inc., a national registered investment adviser, acquired Poterack Capital Advisory Inc., a wealth management firm with $265 million in client assets, and Long Run Wealth Advisors LLC, a registered investment advisor managing nearly $640 million in client assets.

Led by Chief Executive Officer Ryan Poterack, PCA is supported by an advisory team—Relationship Manager Anna Hopkins and Wealth Manager Alec Quaid. With clients in over 30 states, PCA is based in Jackson, Wyoming, expanding Mercer Advisors’ presence in the region.

“Mercer Advisors’ technology, scale and operational infrastructure will allow us to enhance the experience we deliver to clients today and bring on new clients more efficiently,” said Poterack, in a statement.

The PCA team gained access to Mercer Advisors’ integrated suite of family office services, including institutional-grade investment management, financial planning, estate and tax planning—along with advanced technology designed to streamline workflows, support advisory productivity and elevate the client experience.

Tyson Pettit, president and founder of Iron River Group, served as the exclusive financial advisor to PCA in the transaction.

Long Run Wealth Advisors, which is headquartered in Lake Placid, New York and led by Kevin Brady and Lynn Magnus, offers financial planning and investment management to individuals, high-net-worth families, business owners, nonprofits, endowments, foundations and retirement plans.

The transaction expands Mercer Advisors’ footprint in upstate New York. Long Run’s clients will gain access to Mercer’s integrated platform, including advanced planning resources, centralized investment capabilities and national scale.

MarshBerry served as the exclusive sell side advisor to Long Run in the transaction.

Mercer Advisors, which is headquartered in Denver and privately held, has over 1,500 employees and operates in more than 110 locations. It has $92 billion in client assets.

Genesis Wealth Adds 2 Advisers with $650M in Client Assets

Genesis Wealth Management Inc., a leading wealth management platform and non-OSJ branch office within LPL Financial LLC, announced the addition of two senior financial advisers from JPMorgan Chase managing combined assets of $650 million.

Todd Brase, based in Schaumburg, Illinois, has 24 years of industry experience, including 22 years at JPMorgan Chase. He focuses on high-net-worth individuals and families and has approximately $350 million in client assets under management.

Dray Henderson, based in Downers Grove, Illinois, has 25 years of industry experience and oversees $301 million in client AUM.

“Many senior advisers are reassessing traditional bank models and realizing there’s a better way forward. Our platform was designed to support that transition with dignity, flexibility and continuity for clients,” said Kosta Tanglis, founder and managing partner at Genesis Wealth, in a statement.

Brase credited Genesis Wealth’s ability to support advanced financial planning, estate planning and portfolio construction as a key driver of his decision to join the firm. Henderson said the move allows him to deliver more personalized, independent and purpose-aligned care while strengthening long-term client relationships.

Gensis Wealth manages $2.5 billion in client assets. 

Venerable Buys SunAmerica

Venerable Holdings Inc. completed its acquisition of SunAmerica Asset Management LLC and the close of the reinsurance transaction involving United States Life Insurance Co. in the City of New York, the final two components of the landmark agreement with Corebridge Financial, Inc. announced in June 2025.

Venerable previously announced the commencement of new business variable annuity flow reinsurance and completion of the $48 billion reinsurance transaction with American General Life Insurance Co., an entity of Corebridge, in August 2025.

By acquiring SAAMCo, Venerable gains 53 employees and offices in Houston and One World Trade Center in New York.

With the closing of all three transactions, Venerable’s total assets under risk management will increase to $118 billion from $67 billion. SAAMCo will more than triple Venerable’s assets under management across affiliated advisers, to approximately $52 billion.

Citi and Wells Fargo Securities LLC served as financial advisers, Milliman Inc. was the actuarial adviser, and Sidley Austin LLP was the legal counsel to Venerable in connection with this transaction.

Prime Capital Adds New York Adviser

Prime Capital Financial announced the addition of Jim Marx, an adviser based in White Plains, New York.

Marx brings over two decades of experience and joins Prime Capital after building an advisory practice that serves individuals, families and small business owners.

“With the resources of Prime Capital Financial behind me, I’m better positioned than ever to provide proactive, tailored advice that evolves with my clients’ lives and goals,” said Marx in the press release.