Mercer Global Advisors, a registered investment advisor, has acquired Convergent Wealth Management, a wealth management firm.

Convergent Wealth provides financial services to wealthy individuals and families. Convergent was founded by John Stobbs, managing member, and Jeannie Seabaugh, an investment advisor. The firm has approximately $130 million in assets under management.

Mercer Global Advisors is a wealth management firm that provides fee-based investment management, financial planning and distribution planning. Both Mercer Advisors and Mercer Global Advisors are owned by Oak Hill Capital and Genstar Capital.

Dave Welling, CEO of Mercer Advisors, said, “Jeannie and John built a great business and strong team, and they are highly respected wealth management professionals. We are honored that they selected Mercer Advisors as their partner and we look forward to serving Convergent’s clients for years to come.”

David Barton, vice chairman of Mercer Advisors, led this transaction on behalf of Mercer Advisors.