Mercer Investments LLC (Boston)

Mercer Investments provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and investment consulting services to institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as financial software.

Mercer Investments: assets under management

The assets under management (AUM) of Mercer Investments LLC is $94.88 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $125.97 million of the total AUM is attributable to clients outside of the United States.

The firm manages $89.8 billion in discretionary accounts and $5.08 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $461.95 million.

Mercer Investments has custody of $21.88 billion in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mercer Investments LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Christine Teresa Mahoney serves?

The firm provides services to investment companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Christine Teresa Mahoney is pension and profit sharing plans with 214 clients and $79.12 billion of assets under management. Among the 11 most similar advisory firms, Mercer Investments has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $93.62 billion for 331 clients. 1% of the firm’s clients are foreign persons or businesses.

Mercer Investments also advises several private funds. Namely, seven hedge funds, seventeen other private funds, and nine private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $3,000,000.

Careers at Mercer Investments LLC

The company employs 675 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Christine Teresa Mahoney has been acting as President since 1 Aug 2018. Jennifer Joan Mortimer joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 3 indirect owners.

Based in Boston

The principal office where Mercer Investments LLC performs its advisory services is located at 99 High Street, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-747-9500 or by fax 617-747-9501. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mercer.com/investments.

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