Yes, and Mercer Advisors discloses this specifically. Per Form ADV, if Mercer Advisors recommends that a client roll over their retirement plan assets — from a former employer’s plan or an existing IRA — into an account managed by Mercer Advisors, that recommendation creates a conflict of interest because Mercer Advisors will earn new or increased advisory fees as a result. Mercer Advisors acts as a fiduciary under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code when providing rollover recommendations, and no client is under any obligation to roll over retirement plan assets to Mercer Advisors. Clients typically have four options: leave the assets in the former plan, roll them to a new employer’s plan, roll them to an IRA, or take a cash distribution. When evaluating any advisor’s rollover recommendation, ask what fees you will pay under each option before deciding.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
