Mercer Advisors, a national registered investment advisor (RIA) and backed by Oak Hill Capital and Genstar Capital, has purchased Singh Advisory LLC, a wealth management firm located in Denver, Colo.

Singh Advisory offers wealth management services to their clients anchoring on financial planning. The firm was founded by Parshad K. Singh in 2018 and currently has assets under management of approximately $60 million.

“This acquisition illustrates the enormous value that Mercer Advisors can provide advisor teams looking to “join vs. build” an RIA firm on their own,” states Dave Welling, chief executive officer of Mercer Advisors.