Mercer is acquiring the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corp.

Pavilion, a global investment services firm with about 300 employees, is headquartered in Winnipeg with offices across North America, in London, England and in Singapore. 

“In only a few years, we have assembled one of the industry’s top consulting teams, with deep expertise in specialized areas such as alternatives, not-for-profit health care and retirement benefits consulting, all with the objective of supporting the evolving needs of our clients,”  said Daniel Friedman, president and chief executive officer of Pavilion, in a press release. 

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Combining our creativity and knowledge base with Mercer’s global research resources will further enhance our team’s ability to serve our clients across the continuum of advisory and delegated services.” 

Following the acquisition, Pavilion clients will have access to Mercer’s global strategic and manager research and investment capabilities, including outsourced chief investment officer and digital delivery capabilities.

“This acquisition will allow our consultants and advisors to draw on industry-wide best practices and deliver optimal outcomes for our clients,” said Jean-Philippe Provost, wealth business leader at Mercer Canada, in a press release.

The transaction, which is subject to customary conditions to closing, is expected to close in the fourth quarter. 

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Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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