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.
AUTHOR
Ashleigh McIntyre
Recommended for you
Over half of wealth management clients in Asia-Pacific say they are looking for more advice in investment and financial planning services, according to EY, and may switch or add new providers to achieve this.
As artificial intelligence continues to reshape how the advice industry operates, Adviser Ratings unpacks which areas advisers are using the technology to improve the client experience.
Insignia Financial has appointed the former APAC head of a global asset manager to its board.
Financial advisers have been warned against advising clients to withdraw superannuation for medical or dental treatments as a new report highlights the long-term effect on balances at retirement.
