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Mercer acquires $330 million RIA

Mercer Global Advisors, a Denver-based registered investment adviser managing $18.5 billion, has acquired Argosy Wealth Management, a Los Angeles-based RIA managing approximately $330 million.

Argosy’s Michael Karon and Alex Kimura, who co-founded the firm in 2010, will join Mercer Advisors along with their seven staff members.

[More: Lessons learned from 21 deals]

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