$810 million firm augments Mercer Advisors’ footprint in Washington, DC region

DENVER, MAY 8, 2025 –  Mercer Global Advisors, Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA), today announced the acquisition of Tufton Capital Management, LLC, (“Tufton Capital”), a Hunt Valley, Maryland-based financial planning and advisory firm. The acquisition further strengthens Mercer Advisors’ presence in the greater Washington, DC, market. With Tufton Capital, Mercer Advisors will have approximately $3 billion in client assets in the region.

Tufton Capital’s owners Chad Meyer, CFA^®, President and Managing Partner; Scott Murphy, Portfolio Manager and Partner; and Eric Schopf, Portfolio Manager, Partner and Director of Research, were seeking a partner that could support their future growth while adding scale and support. The firm specializes in serving high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, with a strong focus on cultivating long-term, multigenerational relationships. Renowned for its disciplined investment strategy and dedication to personalized service, Tufton Capital has earned a loyal client base across the Mid-Atlantic. With deep expertise in financial planning, as well as trust and estate services, Tufton is strategically positioned to expand its capabilities and enhance its service offerings as part of Mercer Advisors.

“Clients choose Tufton Capital for our integrity, experience and long-standing commitment to personalized advice,” said Meyer. “As a fiduciary, we’ve built deep, multigenerational relationships rooted in trust, transparency and sound investment counsel. With Mercer Advisors’ comprehensive family office capabilities, we believe we can better preserve, protect and grow our clients’ wealth so future generations can uphold their family legacies.”

“Chad, Scott, Eric and the entire Tufton Capital team have built a firm grounded in integrity, long-term client relationships and a deep commitment to fiduciary excellence,” said Martine Lellis, Principal, M&A Partner Development at Mercer Advisors. “Their personalized, value-oriented approach to wealth management aligns with our mission to help clients achieve financial peace of mind across generations. We’re excited to welcome Tufton to Mercer Advisors and look forward to providing their team with the resources to continue delivering exceptional client service.”

Tufton Capital can now access Mercer Advisors’ comprehensive suite of services, including family office capabilities, expanded estate and tax planning support and institutional-level investment resources. This strategic partnership will enable Tufton to enhance its client experience, scale its operations and continue building on its legacy of trusted, multigenerational wealth management.

“For advisors like those on the Tufton Capital team who have built a strong practice, Mercer Advisors provides them with the tools to build on their strengths and offer even more value to clients,” said Ben Kautz, Executive Managing Director at Mercer Advisors. “We’re eager to collaborate with their team, continue serving their clients and support their next phase of growth.”

InCap Group, Inc., acted as the exclusive financial advisor to Tufton Capital Management in the transaction.

For more information about partnering with Mercer Advisors, please visit merceradvisors.com/partnerwithus.

Important Information

Company statistics as of January 31, 2025. Client assets refers to client assets under management (AUM) and client assets under advisement (AUA) as well as assets gained from recent acquisitions where the advisory agreements have been properly assigned to Mercer Global Advisors, but the custodial accounts have yet to be transferred and/or the accounts have yet to be migrated to Mercer Global Advisors’ portfolio management system.

Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning documentation preparation and other legal advice is provided through select third parties unaffiliated to Mercer Advisors. Tax preparation and tax filing are a separate fee from Mercer Advisors’ investment management and planning services. Trustee services are offered through select third parties with which a client would engage directly, as such additional fees may apply. Mercer Global Advisors has a related insurance agency. Mercer Advisors Insurance Services, LLC (MAIS) is a wholly owned subsidiary of Mercer Advisors Inc. MAIS provides individual life, disability, long term care coverage, and property and casualty coverage through various insurance companies. For Mercer Global Advisors clients who wish to purchase insurance products, MAIS has entered into a non-exclusive referral agreement with Strategic Partner(s), where the Strategic Partner will provide necessary services relative to the marketing, placement, and servicing of the insurance products, including without limitation preparing and presenting illustrations, supporting the underwriting process, assisting with the completion and execution of applications, delivering policies, and servicing in-force business. MAIS and the Strategic Partner will be listed as either “agents” or “co-agents” on the policies. While Mercer Global Advisors does not receive a referral fee, Strategic Partner receives a percentage of the commission revenue. MAIS and Strategic Partner do have a revenue sharing agreement.

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2024 – Barron’s Top 100 RIA methodology

Mercer Advisors was ranked number 1 for firms with up to $70 billion in client assets. In 2024 Barron’s ranked the largest registered investment advisor firms separately from its broader RIA ranking. For Barron’s Mega RIAs list, they selected firms that manage 2% or more of the total assets of all ranking applicants. This year, that created a threshold of $70 billion in assets. Advisers who wish to be ranked fill out a 100+ question survey about their practice. Barron’s verifies that data with regulatory databases and then Barron’s applies their rankings formula to the data to generate a ranking. The formula features three major categories of calculations: (1) Assets (2) Revenue (3) Quality of practice. In each of those categories Barron’s does multiple sub calculations including asset type, growth, client retention, technology spending, succession planning, diversity of their teams, charitable and philanthropic work and compliance records. No fee was paid for participation in the ranking, however, Mercer Advisors has paid a fee to Barron’s to use the ranking in marketing.

Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Mercer Advisors is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see participation criteria/methodology). Unless expressly indicated to the contrary, Mercer Advisors did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of Mercer Advisors by any of its clients.