Mercer and Focus Financial Partners have joined in a deal that will provide Mercer’s investment research to Focus’ partner firms, the companies announced Wednesday.
The agreement allows Focus Financial’s partner firms to tap the expertise of Mercer, one of the world’s largest investment and human resources consulting firms in both the institutional and wealth management markets. With offices in New York, London and other cities worldwide, Mercer employs 20,000 and is a subsidiary of Marsh & McLennan Companies. The firm designs and helps manage health, retirement and other benefit programs.
Focus Financial Partners, based in New York and San Francisco, is a large partnership of independent fiduciary wealth management firms with more than $50 billion in assets and 750 employees.
Cara Williams, Mercer’s global leader of wealth management, said the larger firm brings its vast experience servicing sophisticated institutional and wealth management clients to the clients of Focus Financial’s partner firms.