Mercer, a New York-based human resource and related financial services consulting firm, has partnered with FE and Lipper to offer technology and data behind its wealth management Mercer Advisor Portal (MAP).
The move by Mercer is part of its efforts to bring institutional quality research to the Wealth Management sector.
Under the agreement with Mercer, FE will provide Mercer’s research analysis of investment strategies along with advanced analytical functionality through the Mercer-branded MAP tools.
Financial intermediaries will use MAP and FE technology to select and analyse funds, access their client’s investment fund and portfolio risk, and also conduct analysis of fund sectors.
Though, Mercer will use FE capabilities and data in most markets outside the US, they will use Lipper as the main source of investment data within the US.
Mercer senior partner and Wealth Management service global head Cara Williams said FE is a well-known and dynamic technology provider and this collaboration will make Mercer’s Advisor Portal the most advanced advisor information tool available to the global wealth management market.
"Wealth managers, private client asset managers, private banks and financial advisors will be able to improve the performance of their clients’ assets by accessing, through MAP, forward-looking, institutional-quality research and analytical tools," Williams added.
FE managing director Michael Holland said FE remains committed to providing detailed, up-to-the-moment data to all of its partners, coupled with a highly-trained team of support staff.
Lipper managing director and head Lars Asplund said they are pleased to provide Lipper content including their Lipper Leaders fund rating via Mercer’s MAP platform to wealth advisors in the US.
"Packaging Lipper content along with Mercer’s forward-looking research delivers a powerful proposition that any wealth advisor would find highly beneficial in serving clients and their investment needs," Asplund added.