Houlihan Lokey Advises D. Scott Neal

Houlihan Lokey is pleased to announce that its client D. Scott Neal, Inc. (D. Scott Neal), an independent registered investment advisor (RIA), has been acquired by Mercer Global Advisors, Inc. (Mercer Advisors), a national RIA with around $71 billion in client assets. This transaction closed on March 31, 2025.

D. Scott Neal is a Kentucky, U.S.-based financial planning and investment management firm specializing in guiding families through transitional periods in life. Led by Scott Neal, President & CEO; Jerry Zimmer, Vice President & Chief Compliance Officer; and Richard Coles, Senior Advisor, D. Scott Neal has been providing comprehensive wealth management services from its offices in the Greater Lexington and Louisville areas for more than 30 years. The firm is well known for its expertise in serving healthcare professionals, entrepreneurs, small business owners, individuals navigating divorce, and families who need assistance with retirement, elder planning, and higher education planning.

Founded in 1985, Mercer Advisors offers comprehensive, fee-based family office services, including financial planning, estate and tax planning, insurance solutions, and corporate trustee and trust administration services. Mercer Advisors, Inc., is a parent company of Mercer Global Advisors, Inc., and is majority-owned by Oak Hill Capital, Genstar Capital, and Altas Partners. Headquartered in Denver, Colorado, Mercer Advisors is privately held, has over 1,220 employees, and operates nationally in more than 95 locations.

The addition of D. Scott Neal represents Mercer Advisors’ first partnership in Kentucky.

Houlihan Lokey acted as the exclusive financial advisor to D. Scott Neal.

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