Mercer Global Advisors announced Wednesday the acquisition of ClearRock Capital, an RIA that manages approximately $554 million in client assets, according to the firm’s latest Form ADV.

ClearRock Capital’s co-founders Mark Eshman and Jamie Everitt will be joining Mercer along with their eight-person team, while maintaining their home office in Sun Valley, Idaho and locations in San Francisco.

The objective behind the acquisition is to provide a broader wealth management platform for clients, Eshman said in a company statement. “As clients’ financial lives have become more complex with changes in technology, taxes, estate planning, and regulations happening with increasing speed, we felt it was time,” he said.