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RIA comparison · SEC Form ADV

Empower Advisory Group, LLC vs Mercer Global Advisors Inc.

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Empower Advisory Group, LLC is the larger of the two, with $195B in regulatory assets to $84B at Mercer Global Advisors Inc., 2.3 times the size of its rival, by their latest Form ADV filings. Empower Advisory Group, LLC reports more individual clients (293,347 vs 35,044), while Mercer Global Advisors Inc’s clients hold more on average (about $2.2 million each against $570,000). Both are based in Colorado: Empower Advisory Group, LLC in Greenwood Village and Mercer Global Advisors Inc. in Denver.

FigureEmpower Advisory Group, LLCMercer Global Advisors Inc.
Regulatory AUM$195B$84B
National rank#6#13
HeadquartersGreenwood Village, ColoradoDenver, Colorado
Individual clients293,34735,044
High-net-worth clients20,52418,398
Average client assets$570,000$2.2 million
Accounts297,074116,310
Discretionary84% of AUM98% of AUM
Employees8,0511,429
Advisory staff6,138632
Clients per advisory employee4855
Offices1,235269
Form ADV filed2026-07-092026-09-17

Empower Advisory Group, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Fixed fees

Mercer Global Advisors Inc.

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Periodicals or newsletters
  • Educational seminars and workshops
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Other

Questions

Which is bigger, Empower Advisory Group, LLC or Mercer Global Advisors Inc.?

Empower Advisory Group, LLC, with $195B in regulatory assets under management against $84B at Mercer Global Advisors Inc. Nationally they rank #6 and #13 among 5,657 independent wealth management RIAs.

How many clients do Empower Advisory Group, LLC and Mercer Global Advisors Inc. have?

Empower Advisory Group, LLC reports 293,347 individual clients (20,524 high-net-worth) with 6,138 advisory employees; Mercer Global Advisors Inc. reports 35,044 (18,398 high-net-worth) with 632 advisory employees.

How do Empower Advisory Group, LLC and Mercer Global Advisors Inc. charge clients?

Only Mercer Global Advisors Inc. lists hourly charges; other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Empower Advisory Group, LLC and Mercer Global Advisors Inc. offer?

Mercer Global Advisors Inc. lists portfolio management for businesses and institutions; pension consulting; selecting other advisers; periodicals or newsletters; other services, which Empower Advisory Group, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; educational seminars and workshops.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Empower Advisory Group, LLC ↗, Mercer Global Advisors Inc. ↗. How to check a financial advisor →