Macquarie extends Mercer investment research contract
Macquarie Banking and Financial Services Group (MBFSG) has reappointed Mercer to provide investment research and consulting services for the next three years.
According to Mercer head of wealth management in Australia and New Zealand, Brian Long, Macquarie clients will have access to consulting intelligence, global infrastructure and research capabilities from Mercer.
“Macquarie will be able to draw on Mercer’s full institutional and retail research platforms and services,” he said.
Long said that the ongoing relationship with MBFSG revealed an increasing demand from financial advisers for research and consulting advice, especially with the proposed Future of Financial Advice (FOFA) reforms making waves in the industry.
Mercer currently has a global relationship with several other Macquarie businesses including Macquarie Private Bank, Macquarie Global Investments, Macquarie Adviser Services and Macquarie Private Portfolio Management.
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