Mercer Global Advisors, a registered investment adviser, has acquired HYA Advisors and related entity Heim, Young & Associates.

HYA Advisors is a wealth management firm that serves approximately 1,000 clients with assets under management and advisement of $1.2 billion. Mercer Global Advisors is a total wealth management firm owned by Oak Hill Capital and Genstar Capital and provides fee-based investment management, financial planning and family office services. With $1.2 billion of assets under management and advisement, Hya expands Mercer Advisors’ U.S. presence.

Dave Welling, CEO of Mercer Advisors, said, “The Partners at HYA have built a great business, a strong team and they are a highly respected group of wealth management professionals. We are thrilled to be opening a new location in Springfield, Missouri and look forward to working together to deliver meaningful results for our shared clients.”