Mercer Global Advisors, Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA), today announced the acquisition of Veerkloh, LLC d/b/a River Glen Wealth Counselors (hereinafter “River Glen“). River Glen is a comprehensive wealth management firm located and operating in West Des Moines, Iowa.

River Glen was founded by Matt Busick, CFP®, in 2008 and serves approximately 160 clients with assets under management (“AUM”) of $275 million. Randy Von Fumetti, an industry veteran, brought his practice to River Glen in 2015.

When Matt began his career in financial planning, the industry was filled with proprietary products and sales quotas. The idea that financial planning could be truly relationship-based and focused solely on what’s best for clients resonated with Matt and Randy and they committed themselves to those ideals as their guiding principles. Since 2008, their passion has been providing holistic financial planning that extends well beyond the traditional investment-focused approach.

Commenting on the transaction, Matt Busick, CFP® and Founder, stated: “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 institutionalized 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, added “the fit for our two organizations 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, stated: “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 organization we seek to partner with.”

Dave Welling, Chief Executive Officer of Mercer Advisors, said, “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.”

Company statistics as of October 31, 2023.  Client assets refers to client assets under management (AUM) and client assets under advisement (AUA) by both Mercer Global Advisors Inc. and Regis Acquisition Inc. Client Assets includes assets gained from recent acquisitions where the advisory agreements have been properly assigned to Mercer Global Advisors, but the custodial accounts have yet to be transferred and/or the accounts have yet to be migrated to Mercer Global Advisors’ portfolio management system. Mercer Global Advisors Inc. and Regis Acquisition Inc. are affiliated SEC registered investment advisers and deliver investment advisory and family office related services. Mercer Global Advisors Inc. and Regis Acquisition Inc., are subsidiaries of Mercer Advisors Inc., a parent company not involved with investment services.

Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning documentation preparation and other legal advice is provided through select third parties unrelated to Mercer Advisors. Tax preparation and tax filing are a separate fee from Mercer Advisors’ investment management and planning services. Trustee services are offered through select third parties with which a client would engage directly. Mercer Global Advisors has a related insurance agency. Mercer Advisors Insurance Services, LLC (MAIS) is a wholly owned subsidiary of Mercer Advisors Inc. Employees of Mercer Global Advisors serve as officers of MAIS. MAIS provides individual life, disability, long term care coverage, and property and casualty coverage through various insurance companies.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER® certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.