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Mercer Advisors acquires New Jersey-based boutique wealth management firm

Mercer Advisors Inc., a Santa Barbara, Calif.-based national registered investment adviser, has acquired Traust Sollus Wealth Management LLC, a Princeton, N.J.-based boutique wealth management firm.

The addition of Traust Sollus' $420 million of AUM increases Mercer's AUM to more than $12 billion. Traust Sollus President and CEO Al Zdenek Jr., along with the firm's senior management team consisting of COO Richard Weyers, and Brian Picariello, head of wealth management, and its 26 employees, will join Mercer.

Silver Lane Advisors LLC served as financial adviser to Traust Sollus in connection with the transaction.