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Mercer Advisors completes $1.9B debt refinancing, adds $340M credit facility. The Denver-based RIA entered the syndicated loan market for the first time with the move, replacing its private debt with lower-interest-rate debt and extending its financing timeline. Alex Ortolani, Senior Reporter, Wealth Management October 8, 2026 Want a quick summary? Mercer Advisors, a Denver-based registered investment advisor with $111 billion in client assets, has refinanced $1.9 billion in existing debt through a syndicated term loan with a seven-year maturity, marking its entry into the syndicated loan market, according to an announcement. It also added a $340 million revolving credit facility with a five-year maturity. The refinancing will help drive further deals for the acquisitive Mercer Advisors and provide capital to invest in its people, wealth platform and client services, according to the announcement. The move follows a period of growth for Mercer Advisors, driven in part by what the firm reports as double-digit organic growth, excluding markets, for two consecutive years. "Tapping the syndicated loan market for the first time is a milestone for our firm, and the reception we received from institutional investors speaks to the strength of the business we've built," Gün Keresteci, chief financial officer of Mercer Advisors, said in a statement. The Goldman Sachs-led debt raise was oversubscribed by funders, which included BMO Capital Markets and JPMorgan Chase, according to the announcement. The deal lowered Mercer Advisors' interest rate by 1.75 percentage points compared to its previous loan, with a further reduction to come as the firm pays down the debt, according to a spokesperson. That will help the RIA save about $35 million to $40 million in interest costs next year, plus $15 million in upfront financing costs, according to the spokesperson. "This transaction puts us in an even stronger position to keep building a firm where clients can benefit from the full strength of our platform and advisors can do the best work of their careers," CEO Dave Welling said of the refinancing. In July, Mercer showed off some of its prior investment with the launch of Aspen 2.0, the second generation of its proprietary, unified operating system, which the firm has been developing for the past year and a half. The new version is artificial intelligence-native, which seeks to have AI agents work alongside human advisors. Mercer is majority owned by private equity firms Oak Hill Capital, Genstar Capital and Altas Partners, with employees owning the remainder. Senior Reporter, Wealth Management Alex Ortolani is a New York-based senior reporter with Wealth Management with a focus on deals, moves and trends in the registered investment advisor space. In addition to financial and business reporting, he has worked in media relations and corporate communications for tech firms and Fortune 500 companies.

Retirement industry people moves - 9/25/2026. Sage Mountain names Danica Griffith chief growth officer; Edward Jones hires Vanguard's data chief; Mercer Advisors announces new chief platform officer; and more. Reported by Sage Mountain names Danica Griffith chief growth officer. Sage Mountain Advisors LLC, an independent registered investment adviser based in Atlanta, appointed Danica Griffith as chief growth officer, a newly created role. Griffith will oversee the firm's growth strategy, recruitment efforts and advisory team. Griffith joins the firm after nearly seven years at PNC, where she most recently served as executive vice president and chief risk and change officer. Earlier in her career, she spent more than a decade at Goldman Sachs, where she worked in private wealth management. She earned a bachelor's degree from Harvard University and an MBA from the Wharton School of the University of Pennsylvania. Sage Mountain, founded in 2018, reported advising on more than $8 billion in assets as of June 30. Edward Jones hires Vanguard's data chief. Ryan Swann joined Edward Jones Investments as the firm's chief data officer, following more than five years as Vanguard's principal and chief data analytics officer. Swann announced the appointment on LinkedIn on Monday. "Edward Jones has an outstanding reputation for putting clients first, and I couldn't be more excited to partner with such a talented, client-focused team to drive value, innovation, and impact through data and [artificial intelligence] in this next chapter," Swann wrote in a post. Prior to Vanguard, Swann served as chief data officer at Collibra and head of data management and governance at E*Trade, according to his LinkedIn profile. Mercer Advisors announces new chief platform officer. Mercer Global Advisors Inc., a registered investment adviser, appointed Cynthia Loh as chief platform officer, a newly created executive role. Loh will serve on the firm's executive leadership team and oversee a platform organization spanning technology, digital products, design and operations. Loh joins Mercer with more than two decades of experience in wealth management and financial technology. Most recently, she served as senior vice president and head of Beyond the Card at Capital One. Previously, she was head of product for Goldman Sachs' workplace wealth business; and held leadership roles at Charles Schwab, where she oversaw the Schwab Intelligent Portfolios platform; and at Betterment, where she helped launch the firm's 401(k) business. Earlier in her career, she held positions at PIMCO and Merrill Lynch. According to the announcement, Loh will help lead the continued development of Aspen, the firm's technology platform, which recently added artificial intelligence capabilities to adviser and client workflows. EP Wealth appoints new CFO. EP Wealth Advisors appointed John McConnell as chief financial officer and promoted Erin Voisin to chief client solutions officer as part of a series of executive and leadership changes. McConnell joins EP Wealth with more than 20 years of experience in corporate finance and investing. Most recently, he served as CFO of Crisp, a retail data company. At EP Wealth, he will oversee the firm's finance function and support financial planning and acquisition integration efforts. Voisin will help lead client service initiatives. EP Wealth reported managing $50.4 billion in assets under management as of August 31, 2026. Composition Wealth appoints 2 new leaders. Composition Wealth LLC, a registered investment adviser, appointed Gabrielle Glemann as general counsel and chief compliance officer and Joe Salcido as head of advisers. Glemann will oversee the firm's legal and compliance functions. She joins Composition Wealth from Cercano Management, where she served as general counsel and partner. Previously, she was director of legal and compliance at BlackRock and worked at the law firms Stoel Rives LLP and Hughes Hubbard & Reed LLP. Salcido will work with advisers on business development and practice management initiatives. Before joining Composition Wealth, he spent nearly 10 years at Edelman Financial Engines, most recently as regional director of wealth planning. Earlier in his career, he held sales, trading and operations leadership roles at Vanguard. Composition Wealth reported more than $12 billion in assets and 125 employees nationwide. Aon appoints global chief commercial officer. Aon PLC, a professional services firm, has appointed Jane Drummond as global chief commercial officer, effective January 1, 2027. Drummond will report to Andy Marcell, deputy CEO and senior executive vice president of risk capital and human capital, and serve as a member of Aon's Chicago-based executive committee. Drummond will succeed Anne Corona, who was named CEO of North America for Aon in March. Drummond will lead Aon's global market strategy, sales and growth across global solution lines and lead its global growth committee. Drummond joined the firm in 2009 and brings more than 25 years of industry experience to the role.

Wealth manager Mercer is taking out private credit with new loan. Wealth management firm Mercer Advisors Inc. is looking to cut its borrowing costs by refinancing private debt with a $1.65 billion leveraged loan, the latest in a rush of companies ditching private credit loans for cheaper capital in the bank loan market. The private equity-owned firm is set to price the new seven-year loan on Thursday with an interest rate of 2.75 percentage points over the floating-rate benchmark and at 99.75 cents on the dollar, according to a person with knowledge of the matter. The debt offering also included a $250 million delayed draw term loan, which will go toward funding acquisitions and other investments, said the person, who asked not to be identified because the information is private. Mercer Advisors, which oversees about $111 billion in client assets, will use the proceeds to refinance around $1.6 billion in existing debt from private credit firms including KKR & Co, according to the person. The debt carries a rate of 4.5 percentage points over the benchmark, regulatory filings show. The refinancing cuts the company's borrowing margin by 1.75 percentage points, saving about $29 million annually. "This refinancing is a natural next step for us," said Gün Keresteci, Mercer's chief financial officer, who added lower costs will give the firm flexibility to better serve clients. Representatives for private equity owner Oak Hill Capital and Goldman Sachs, which led the refinancing, declined to comment. So far this year, more risky borrowers have been refinancing private debt in the syndicated markets than the other way around. Just $9.2 billion of broadly syndicated loans have been refinanced into private credit this year, while $19.5 billion has gone the other way, according to data from JPMorgan Chase & Co. and KBRA DLD published Thursday.