Mercer appointed by IOOF for consultancy
IOOF is leveraging Mercer’s market insights and asset allocation systemisation thanks to a new collaboration venture that has seen the consultancy appointed as the asset consultant for IOOF Investments.
IOOF chief investment officer, Don Farmer said the partnership fitted well with IOOF’s planned strategic agenda.
“Mercer has a solid fit to our existing investment methodologies and provides another layer of competitive advantage to our robust multi-manager investment approach,” he said.
“The appointment allows our highly experienced portfolio managers to leverage the strength of Mercer’s deep global and local manager research…to support the team in the delivery of strong performance outcomes to our clients.”
Former consultant Russell Investments signalled its intention to end their consulting arrangement with IOOF in 2016.
AUTHOR
Hope William-Smith
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
