Mercer Advisors Finalizes Roll Out of Aspen Investing Platform
Mercer Advisors has completed the deployment of Aspen Investing, its proprietary investment platform, which centers on portfolio management capabilities, including private market access to every advisory team within its network.
Aspen Investing allows advisors to access centralized portfolios options for working with various asset managers through a single investment management dashboard portal.
The technology platform will enable advisors to help their clients reduce portfolio capabilities costs while broadening access to custom strategies, including financial, tax and estate planning, Mercer stated.
Additionally, Aspen Investing includes reporting and monitoring capabilities, which are designed to improve risk monitoring, proposal generation, and advanced reporting.
Aspen Investing’s additional capabilities include direct indexing managed in-house services, advanced tax management, daily tax-loss harvesting and a capital gains tax budget.
Aspen Investing, which is supported by Mercer Advisors’ investing team, is led by Chief Investment Officer Donald Calcagni and includes over 125 members.
The platform also works with major custodians, including Raymond James, Charles Schwab, and Fidelity Investments.
The platform, which was built with Orion, utilizes unified managed accounts to integrate public and private strategies from multiple third-party managers within a single account.
Additionally, it integrates Aspen Partners, Mercer Advisors’ private markets program built with Opto Investments, to provide investors with a portfolio of private equity, venture capital, private credit, real estate and infrastructure strategies.
“Aspen Investing was designed to give every client access to the kind of portfolio management typically reserved for endowments and large institutions, delivered in a way that reflects their specific goals and circumstances,” said Calcagni.
In July, Mercer released Aspen 2.0, the second generation of Aspen, its proprietary AI-enabled platform. Aspen 2.0 is designed to integrate workflows and address challenges with fragmented data and technology.