William M Mercer has badged the Asgard master trust for use by its 50 financial planners.
The Mercer Portfolio Service will provide investment, superannuation and allocated pension master trusts.
Director of financial planning Brian Pedretti says Mercer will purchase investments in Asgard’s name.
“[This] means clients receive consolidated and comprehensive account reporting from us, rather than individual statements from the various fund managers,” Pedretti says.
Mercer expects to place $1 billion in client assets in its portfolio service accounts over the next two years.
