Provided by Mercer: 27/5/08
Mercer is now offering selected small business applicants the opportunity to work in partnership as financial advisers using the Mercer Wealth Solutions name and dealer support services.
Mercer, a highly respected organisation, which has provided financial advisory services in Australia since 1992, has initiated this as part of its strategy to broaden access to its financial advice service across Australia. As a key differentiator, Mercer will provide financial advisers with new business referrals to individuals who express a desire for professional advice.
David Anderson, Asia Pacific Business Leader of Mercer’s outsourcing business, and Head of Mercer Wealth Solutions, said the announcement is significant.
“The rapidly ageing population, regulatory reforms that enable transition to retirement strategies and the increasing empowerment of individuals to take charge of their retirement has driven up demand on Mercer for personal, professional advice to record levels. Our blue chip corporate client portfolio is also looking to differentiate their employment value proposition as the war for talent escalates to new highs.”
“We have a substantial financial advice business already – a national footprint with 120 professional staff, 20,000 private clients, $4 billion of funds under advice and a reputation synonymous with quality, strategic advice. With this additional financial advice channel we will satisfy a new level of demand for professional financial advice Australia-wide.” Mr Anderson said.
Mercer’s superannuation and wealth solutions business has $37 billion in funds under administration locally, provides services to 600,000 super members and 20,000 private clients and is part of a global consulting, outsourcing and investments firm which operates in 42 countries.
Mercer’s Financial Advice Leader, Scott Walters, said the additional channel presented prospective financial advisers with an opportunity to join a respected brand with a rapidly expanding client base.
“We’re seeking high calibre professionals to work with us. Our external financial advisers must uphold Mercer’s strict global codes of professional conduct and meet stringent professional development requirements that exceed industry guidelines. In return, they can expect access to the breadth and depth of Mercer’s financial adviser support team, as well as active referrals to members,” he said.
If selected, an external Mercer Wealth Solutions financial adviser will enjoy access to international research, global and local thought leadership and a range of high quality investments. They will also receive technical, research, compliance, online, professional development and marketing support.
“With the continuing rapid growth of Mercer’s superannuation client portfolio we expect our external financial advisers will be in great demand responding to referrals, especially from our Helpline,” Mr Walters said.
Over the past five years, Mercer Wealth Solutions’ team of internal financial advisers and phone-based financial advisers have grown rapidly. Mr Walters expects the existing channels to continue growing as demand increases and the addition of the external financial advice channel will allow Mercer Wealth Solutions to offer an extensive advice network around the country.
For more information, contact:
If you are a financial adviser and are interested in a confidential discussion regarding the Mercer Wealth Solutions dealer group, please contact Vicky Ampoulos on
+61 2 8864 6192 (mobile +61 411 743 098) or email vicky.ampoulos@mercer.com
This information has been prepared by Mercer (Australia) Pty Ltd ABN 32 005 315 917 for general information only. The information does not take into account your personal objectives, financial situation or needs. Therefore, you should not act on this information if you have not considered the appropriateness of this information to your personal objectives, financial situation and needs. You should consult a licensed or appropriately authorised financial adviser before making any investment decision.
