Yes. Mercer Advisors has an agreement with Schwab under which Schwab provides monetary assistance to help defray costs when client accounts transition from a prior custodian to Schwab. This support is offered on a tiered schedule based on assets transferred to Schwab over a period of 24 months. Per Form ADV, this creates a disclosed conflict of interest — Mercer Advisors’ recommendation that clients maintain assets at Schwab could be influenced in part by this arrangement. Mercer Advisors’ structural safeguards are that clients are never required to custody assets at Schwab, and all custodian recommendations are guided by the firm’s best-execution obligations to clients. When evaluating any advisor, ask whether the firm receives transition assistance or other monetary support tied to specific custodians.
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