Colorado-based RIA aggregator Mercer Global Advisors has snapped up Michigan-based wealth management firm SD Financial Pathways.

With the deal, Mercer Advisors continues its recent acquisition spree as it seeks to bolster its presence in the country.

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Based in Dearborn, Michigan, SD Financial Pathways has been offering investment advisory services since July 2013.

The wealth manager serves around 85 households with nearly $100m in AUM.

As agreed, SD Financial will combine its operations with Mercer Advisors’ existing office in Detroit. Its president and sole managing member Steve Deceuninck will move to Mercer Advisors.

Deceuninck said: “After vetting multiple firms, it was clear to me that Mercer Advisors most closely shares my founding philosophy and brings a deep bench of subject matter experts, allowing me to further strengthen my role as an adviser.”

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Mercer Advisors CEO Dave Welling said: “We are thrilled that Steve selected Mercer Advisors as the right partner and are looking forward to serving clients of SD Financial Pathways for years to come.

“We are also excited to expand our presence in the Detroit area where we have had a local presence serving clients for over 15 years.”

Established in 1985, Mercer Global Advisors is one of the largest registered investment advisers and financial planning firms in the country with more than $18bn in client assets.

This year, the company acquired Republic Wealth Advisors, AL Hewitt, Sage Future Financial, Physicians Financial Advisors and Adam Financial Associates.

It also purchased Regent Wealth Management Group, Jackson Financial Management, Confluence Financial Advisors and Arbor Asset Management this year.