Mercer continues push into retail research
Mercer Investment Consultinghas backed up its push into the retail funds management research scene with the announcement of three new recruits today.
Mercer executive director Tony Cole says the three recruits - Chris Durack, Danny Housepeters and Tony Arnold - would give Mercer a "talent advantage" in the retail marketplace.
"A key plank of our strategic plan is to provide quality investment consulting to an expanding retail funds market. Mercer will build on its strengths through the new appointments," Cole says
Durack, most recently with Towers Perrin as head of research, will head manager research for retail products at Mercer. Arnold, who is currently head of investment research for Mercer Financial Planning, will become Mercer’s research team manager in Melbourne, while Housepeter, formerly withProperty Investment Research, will join Arnold as part of the group’s Melbourne research team.
Mercer, traditionally an asset consultant for superannuation funds, flagged its interest in the retail side of funds management research earlier this year when it tried to purchase thevan Eyk Researchgroup.
However the deal fell through in May, leaving Mercer to push on into the retail sector on its own.
Recommended for you
The corporate regulator has cancelled the AFSL of a Perth advice firm, with the firm having previously seen its licence temporarily suspended in 2020.
Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.
AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to advice practices of all sizes.
Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct.
