Mercer Global Advisors, Inc., a prominent Registered Investment Adviser (RIA), has announced the acquisition of Frango Financial LLC, a financial planning firm known for offering comprehensive services to working professionals in Washington, D.C., Virginia, Maryland, and South Carolina. Frango Financial, which manages around $110 million in client assets, has built its reputation by helping individuals and families make informed, values-driven financial decisions.
Founded in 2011, Frango Financial provides a wide range of services, including investment management, retirement planning, insurance and risk management, education funding, cash flow management, and tax and estate planning. The firm is led by a two-person team, consisting of president and founder Frances Goldman, CFP, and advisor Pamela Postma Khinda, CFP. By partnering with Mercer Advisors, Frango aims to continue delivering excellent client service while also expanding its reach.
Frango Financial stands out for its all-female team, which brings valuable skills and perspectives to the financial services industry. This addition is part of a broader trend, with more women taking leadership roles in managing personal and family finances.
Dave Welling, CEO of Mercer Advisors, shared his excitement about the acquisition: “With women increasingly taking the lead with managing their own and their families’ finances, we see a tremendous opportunity for Frango Financial and Mercer Advisors to provide financial guidance that truly resonates with their experiences and goals. With almost half of our client-facing associates being women, we are able to bring an empathetic, relatable perspective that aligns with the priorities and challenges many of our female clients face. The addition of Frango Financial will not only further bolster our presence in the Washington, D.C. and Charleston metro areas but also strengthens our ability to deliver relevant, personalized advice that can help empower women at every stage of their financial life.”
Martine Lellis, Principal and M&A Partner Development at Mercer Advisors, also commented on the acquisition, saying, “Fran and Pamela bring together financial acumen and a deep commitment to their clients’ best interests—qualities that embody the fiduciary principles we value and seek to support. Frango Financial has already established a solid foundation, and we are eager to support their next chapter.”
Through this acquisition, Mercer Advisors aims to strengthen its position in the financial services market while further enhancing its ability to provide personalised, client-focused financial advice.