Mercer has completed the previously announced acquisition of Pavilion Financial Corp.’s investment consulting, alternatives consulting and wealth management operations.
“We’re thrilled to be welcoming Pavilion to the Mercer family,” said Jean-Philippe Provost, senior partner and wealth business leader at Mercer Canada, in a press release.
The deal will expand Mercer’s tools, research and investment programs, he said. ”Adding [Pavilion’s] strengths in wealth management, investment consulting and alternatives consulting to our own will help us provide a broader range of services to our existing clients. And as their clients become ours, we hope to introduce them to our comprehensive offering, and help them to achieve better business results.”
Read: Mercer to acquire Pavilion’s investment consulting business
Mercer will offer its new suite of alternative investments through an online platform, said Daniel Friedman, president and chief executive officer at Pavilion Financial. Non-profit organizations and insurers can also access advice and tools through the platform, and opt for Mercer’s bundled retirement savings investment products.
“In Mercer, we have found the right partner to accelerate our clients’ access to tools, research and investment programs,” said Friedman.