Mercer Introduces Financial Wellness Solution with Expert Providers in Asset Growth, Debt Management and Budgeting
24 June 2016 - 12:00AM
Business Wire
Digital solution enables better personal
finance outcomes for employees and a modern benefit set for
employers
Mercer, a global consulting leader in advancing health, wealth
and careers and a wholly owned subsidiary of Marsh & McLennan
Companies (NYSE:MMC), today announced the launch of Mercer
Financial Wellness and its initial consumer financial services
providers.
As a result of limited time and resources, many employers
struggle to deliver a broad financial wellness program to their
employees. Mercer Financial Wellness is a digital solution that
integrates independent financial wellness providers into a single
platform. With Mercer Financial Wellness, employers can spend more
time focusing on the strategic aspects of their financial wellness
program while offering employees access to expert providers of
financial services.
“Employees are increasingly interested in their employer
providing benefits that help them with their overall financial
wellness – moving beyond the focus on retirement to address a wide
range of individual financial needs from individual coaching to
challenges facing new families to better debt management,” said Tom
Murphy, US DC & Financial Wellness Leader at Mercer. “Our goal
is to provide an integrated experience that drives behaviors to
optimize the financial well-being of individuals at every stage of
their lives. This kind of holistic approach has the potential to
dramatically strengthen and distinguish employer value
propositions.”
Mercer Financial Wellness combines an easy-to-use digital
platform with expert consumer financial services providers, the
first of which include:
- Plaid: tools to help individuals
aggregate financial accounts and take steps to gain insights into
spending and monthly budgets.
- Transamerica®:
retirement counselors to provide individuals information about the
choices associated with retirement savings, social security
optimization, and IRAs.
- Experian: credit score
management and the ability for individuals to understand and take
control of their FICO® Score.
- Avant: unsecured personal loans
for qualified individuals facing cash flow shortages or consumer
debt.
- CommonBond: options for
individuals to save money by refinancing their student loans.
Mercer Financial Wellness will continue to roll-out additional
providers and services, including in the near future access to
robo-advised investment accounts for non-qualified assets and
one-on-one personal financial coaching services.
“Employees are stressed about their financial lives, often
feeling a lack of control over basic financial decisions,” Murphy
continued. “The most effective financial wellness programs help
people understand the options that are available at the right time
to improve their financial situation and create simple ways to take
advantage of these options. With the Mercer Financial Wellness
platform, employers have the ability to help their diverse
workforces address these critical needs to help ensure their
financial security and enhance employer loyalty and
productivity.”
About Mercer
Mercer is a global consulting leader in talent, health,
retirement and investments. Mercer helps clients around the world
advance the health, wealth and careers of their most vital asset –
their people. Mercer’s more than 20,000 employees are based in 43
countries and the firm operates in over 140 countries. Mercer is a
wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), a global professional services firm offering clients advice
and solutions in the areas of risk, strategy and people. With
annual revenue of $13 billion and 60,000 colleagues worldwide,
Marsh & McLennan Companies is also the parent company of Marsh,
a leader in insurance broking and risk management; Guy Carpenter, a
leader in providing risk and reinsurance intermediary services; and
Oliver Wyman, a leader in management consulting. For more
information, visit www.mercer.com. Follow Mercer on Twitter
@Mercer.
Important Notices
References to Mercer shall be construed to include Mercer LLC
and/or its associated companies.
© 2016 Mercer LLC. All rights reserved.
Information contained herein has been obtained from a range of
third party sources. While the information is believed to be
reliable, Mercer has not sought to verify it independently. As
such, Mercer makes no representations or warranties as to the
accuracy of the information presented and takes no responsibility
or liability (including for indirect, consequential or incidental
damages) for any error, omission or inaccuracy in the data supplied
by any third party.
No investment decision should be made based on this information
without first obtaining appropriate professional legal, tax and
accounting advice and considering your circumstances.
Investing involves risk. The value of your investment will
fluctuate over time and you may gain or lose money.
Mercer Investment Management, Inc. and Mercer Investment
Consulting LLC are federally registered investment advisers under
the Investment Advisers Act of 1940, as amended. Registration as an
investment adviser does not imply a certain level of skill or
training. Mercer’s Form ADV Part 2A & 2B can be obtained by
written request directed to: Compliance Department, Mercer
Investments, 701 Market Street, Suite 1100, St. Louis, MO
63101.
MMC Securities LLC is a registered broker dealer and an SEC
registered investment adviser. Securities offered through MMC
Securities; member FINRA/SIPC, main office: 1166 Avenue of the
Americas, New York, New York 10036. Variable insurance products
distributed through Marsh Insurance & Investments LLC; and
Marsh Insurance Agency & Investments in New York. Mercer,
Mercer Investment Consulting, LLC, Mercer Investment Management,
Inc., Guy Carpenter, Oliver Wyman, Marsh and Marsh & McLennan
Companies are affiliates of MMC Securities.
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MercerAlayna Francis,
212-345-1315alayna.francis@mercer.com@Mercer
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