Mercer Advisors Names New CEO
Mercer Advisors Inc., a registered investment advisor firm, appointed Dave Welling as chief executive officer as part of a planned leadership transition. Welling succeeds David Barton, who will transition to vice chairman and lead the company’s merger and acquisition efforts going forward.
“Mercer continues to be one of the fastest growing RIA’s, and we are pleased to announce this leadership transition at a time of the company’s ongoing expansion,” said Tony Salewski, a member of Mercer’s board and managing director of Genstar Capital which acquired Mercer in 2015. “Dave Welling is an experienced leader in both the wealth management and financial technology space, and he brings a unique set of capabilities to lead the next chapter of Mercer’s growth.”
Since 2016, Welling has served as co-general manager of SS&C Advent, a division of SS&C Technologies. In addition to overseeing Advent’s business, he was also responsible for the advisory market unit, which served close to 3,000 clients who operate as advisors, wealth managers, and high-net-worth asset managers. Welling joined SS&C in 2015 when the company acquired Advent Software. He joined Advent Software in 2011 when Black Diamond, where he was serving as CEO, was acquired by Advent.
Prior to Advent and Black Diamond, he worked with Charles Schwab in various leadership roles in their advisor custody and 401k businesses. He holds a bachelor’s degree in economics from Middlebury College and a master’s in business administration from Stanford Graduate School of Business.
Established in 1985, Mercer Advisors Inc. is a total wealth management firm that provides fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection, and corporate trustee and trust administration services. Mercer Advisors is the parent company of Mercer Global Advisors, an RIA and financial planning firm with $10.3 billion in assets under management and more than 6,400 clients.
