Asgard Wealth Solutions and Mercer have renewed their strategic alliance, which will see Mercer’s portfolio service with more than $2 billion of funds under management remain under administration on the Asgard platform.

The two organisations find themselves in familiar territory, according to St George group executive of wealth management and Asgard chief Geoff Lloyd.

“This is the second time our organisations have renewed this alliance, which is now in its eighth year.

“We look forward to continuing to deliver a great service to Mercer, their financial advisers and investors,” he said.