Named #1 AUM Leader in Chief Investment Officer magazine 2017 ranking
Firm also leads market in pension risk transfer premiums with over $5B USD
Mercer, a global consulting leader in advancing health, wealth and careers of individuals, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced its global assets under management (AUM) grew to $157 billion USD at the end of 2016, increasing from $135 billion USD at the end of the prior year. Of Mercer’s global AUM, the North American business represented $71 billion USD at the end of 2016, up from $61 billion USD at year end 2015. Of the other regions, Mercer’s European business represents $63 billion USD and the Asia Pacific/growth regions $23 billion USD.
In February 2017, Mercer was named the global leader in fully discretionary outsourced AUM in the latest annual survey conducted by Chief Investment Officer (CIO) magazine .
“Clients’ needs for investment programs that enhance performance, reinforce risk management process and reduce costs continue to grow,” said Jacques Goulet, President of Mercer’s Wealth & Health businesses. “In a fast-changing, complex marketplace, the construct of our new Wealth business – formed by combining our prior Investments and Retirement businesses – affords our clients a perspective across the full spectrum from advice to solutions and implementation. Our ability to respond to business needs by bringing not only investment and retirement expertise, but also insurance, consumer behavioral economics and other specialist areas, is resonating with the market.”
In addition to the increase in AUM, Mercer has taken the lead market share position according to data derived from the Mercer Pension Risk Exchange®. According to LIMRA’s Group Annuity Risk Transfer Survey, Fourth Quarter results, the total US buyout market was calculated at $14 billion USD. Mercer’s placement of over $5 billion USD in pension risk transfer premiums with insurers amounts to 35% of total US premiums.
Through the Mercer Pension Risk Exchange®, Mercer assisted with 42 transactions in the US during 2016 including several complex plan terminations and discretionary buyouts across the spectrum of clients and prospects.
“The Mercer Pension Risk Exchange® is a first-of-its-kind platform that facilitates annuity purchase transactions between DB plan sponsors and insurers,” continued Goulet. “It’s a strong example of innovation in the face of a fast-moving market where both transparency and fluctuation of price are barriers for many clients. It reinforces the benefit of thinking and acting with agility to solve our clients’ problems.”
Over 100 clients are using the Mercer Pension Risk Exchange® platform with more than 60 in the US, 30 in the UK and 10 in Canada. The solution provides increased transparency, competitiveness and speed of execution in a real-time, mobile-optimized environment.
Notes for editors
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and careers of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With annual revenue of more than $13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
Mercer Investment Consulting, LLC and Mercer Investment Management, Inc. are federally registered investment advisers under the Investment Advisers Act of 1940, as amended, providing nondiscretionary and discretionary investment advice to clients on an individual basis. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Mercer’s Form ADV Part 2A & 2B can be obtained by written request directed to: Compliance Department, Mercer Investments, 701 Market Street, Suite 1100, St. Louis, MO 63101.
 LIMRA Group Annuity Risk Transfer Survey, Fourth Quarter results