Mercer Global Advisors to acquire Lake Point Advisory Group.

Mercer Global Advisors, a provider of investment advisory services, agreed to acquire Lake Point Advisory Group, a respected wealth management firm. Financial terms were not disclosed. "Reid has built an impressive multi-location business and is growing quickly. This acquisition brings together the strengths of our two organizations and builds a solid platform for future growth. Further, Reid has assembled a strong team adding to our already deep bench in Texas. This is the type of talent we seek to add to our team, and we look forward to offering expanding services to help better serve the current and future Lake Point clients," Dave Welling, Mercer CEO.