Mercer Buys Investment Consulting Firm Pavilion
Marsh & McLennan (MMC)’s health, wealth and career consulting arm Mercer in August 2018 acquired the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial. Pavilion is a global investment services firm with about 300 employees, headquartered in Winnipeg, Canada. It has offices across North America, in London, U.K., and in Singapore.
In the U.S., Pavilion focuses on the defined contribution (D.C.), endowment and foundation, healthcare and insurance sectors. In Canada, it has a strong presence in private wealth management. Globally, the company lays claim to “strong consulting and research capabilities, particularly for alternative investments”.
Pavilion is the 13th largest global investment advisory firm with worldwide assets under advisement of US$685 billion as of June 2017.