A new-to-Denver wealth management company said it's expanding its presence in the Northeast U.S.

Mercer Advisors last month moved from Southern California to Denver. This week, the company said it was acquiring Traust Sollus Wealth Management of New York City and Princeton, New Jersey.

Terms of the deal weren't disclosed but Mercer said with the acquisition, it "brings Mercer's total offices to 29 and, with $420 million of assets under management (AUM), increases Mercer's AUM to over $12 billion."

"This acquisition not only deepens our footprint in the Northeast but more importantly allows us to greatly expand key components of our family office suite of services," said new CEO Dave Welling, in a statement. Welling became CEO in June.

Read more at the Denver Business Journal: http://bit.ly/2HbbJWF