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Mercer (Service Provider)

Service Providers Framework 2019

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Basic information

01.1. Select the location of your organisation’s headquarters.

United States

01.2. Indicate the number of countries in which you have offices (including your headquarters).

01.3. Indicate the regions where you have offices.

01.4. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

5000 FTE

01.5. Additional information.[OPTIONAL]

Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With nearly 66,000 employees worldwide and annual revenue of over $14 billion.

Mercer seeks to make a difference in the lives of more than 115 million people every day by advancing their health, wealth, and careers. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries.

Mercer’s investment consulting services are provided at every stage of the investment decision-making, risk management and investment monitoring process - working with the fiduciaries of pension funds, foundations, endowments and other investors in some 24 countries for over 45 years. Mercer creates value by applying our extensive knowledge to solving investment challenges. Over 5,000 wealth employees around the world provide customised guidance to clients with more than $11 trillion in assets (as at June 2018) and delegated solutions to clients with more than $241 billion in assets (as at December 2018)[1].

Mercer established a Responsible Investment team in 2004, which currently has 16 full-time equivalent professionals and is supported by a wider group of ‘ESG Champions’ within Mercer. The team works with clients, consultants and analysts to integrate environmental, social, and corporate governance (“ESG”), stewardship, sustainability and climate change considerations into investment processes and research. The team provides advice on beliefs, policy, process, and portfolio development, including strategic research. Research examples include Mercer's "Investing in a Time of Climate Change" report (June 2015 and the Sequel due for release in April 2019) ) and the development of Mercer’s proprietary ESG Ratings framework, which is administered by the global manager research team and results in an ESG rating (1-4) on process integration for investment manager strategies (since 2008).

Mercer acquired Summit Strategies Group (“Summit”) and Pavilion Advisory Group Inc. (“Pavilion”) in November 2018.

Pavilion

Pavilion was a privately owned, diversified, global investment services firm headquartered in Winnipeg, Canada. Its wholly owned subsidiaries served clients that include large corporations, universities, health care, endowments & foundations, financial intermediaries and other clients such as sovereign wealth, family offices and some public funds.

Across the subsidiaries that Mercer purchased, there were roughly 270 employees across 13 offices in Canada, the U.S., London and Singapore. Pavilion is primarily an investment advisory firm with ~$685B assets under advice and ~$8B of assets under delegated management.  It has three operating segments: 1. Pavilion Advisory Group, a traditional consulting group; 2. Pavilion Alternatives Group, which offer a full-service alternatives investment consulting; and 3. Pavilion Investment House, who provide wealth management services.

Summit

Summit was a privately owned, diversified, investment consulting firm serving institutional investors since 1995. Headquartered in St. Louis, it has roughly 60 employees and served institutional clients including corporate DB and DC plans, hospitals, insurance companies, endowments and foundations as well as some public funds.

The firm provided strategy, implementation and ongoing support services in traditional consulting, including defined benefit, health care systems and endowments & foundations, as well as in the defined contribution and outsourced CIO spaces. It advised on c.US$165 billion in assets (as of June 30, 2017), with c.US$3.8 billion under delegated management.

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[1] *The assets under advisement data (Data) reported here include aggregated Data for Mercer Investment Consulting LLC and its affiliated companies globally (Mercer). The Data have been derived from a variety of sources, including, but not limited to, third-party custodians or investment managers, regulatory filings, and client self-reported data. Mercer has not independently verified the Data. Where available, the Data are provided as of the dates indicated (the Reporting Date). To the extent information was not available as of the Reporting Date; information from a date closest in time to the Reporting Date, which may be of a date more recent in time than the Reporting Date, was included in the Data. The Data include assets of clients that have engaged Mercer to provide project-based services within the 12-month period ending on the Reporting Date, as well as assets of clients that subscribe to Mercer’s Manager Research database delivered through the MercerInsight® platform. The assets under management data reported here include aggregate data for Mercer Investment Management, Inc. and its affiliated fiduciary management businesses globally as of the dates indicated.


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