Mercer Investment Consulting LLC (Chicago)

Name: Mercer Investment Consulting LLC
Address: 155 North Wacker Drive, Chicago, IL, 60606
Telephone: (312) 917-9900

Mercer Investment Consulting LLC is a large advisory firm based in Chicago. It manages $2.34 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Mercer Investment Consulting provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as financial software.

Mercer Investment Consulting: assets under management

The assets under management (AUM) of Mercer Investment Consulting LLC is $2.34 billion. The firm's AUM has gone down by -39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $905.83 million in discretionary accounts and $1.43 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $715.31 million.

Mercer Investment Consulting has custody of $340.59 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mercer Investment Consulting LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Phillip J De Cristo serves?

The firm provides services to charitable organizations and pension and profit sharing plans. The largest group of clients of Phillip J De Cristo is charitable organizations with 7 clients and $1.78 billion of assets under management. Among the 5 most similar advisory firms, Mercer Investment Consulting has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $2.34 billion for 8 clients. None of the firm’s clients are foreign persons or businesses.

Mercer Investment Consulting doesn't advise any private funds.

Careers at Mercer Investment Consulting LLC

The company employs 389 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Phillip J De Cristo has been acting as President since 1 Mar 2009. Christine Teresa Mahoney joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mercer (Us) Inc.	Sole member	1 Feb 1984	75% - 100%	61-0519959
Phillip J De Cristo	Director	1 Mar 2009	Other	5209635
Scott Michael Zoltowski	General counsel and secretary	1 Dec 2010	Other	2443825
Richard Langdon Nuzum	President and director	1 Jan 2012	Other	4935507
Thomas Peter Murphy	Director	1 Jan 2012	Other	5981342
Ferdinand Gerhard Jahnel	Treasurer	1 Dec 2015	Other	6623890
Jeremiah Michael France	Chief operating officer	1 Mar 2016	Other	2328357
Robert E Phay	Chief compliance officer	1 May 2016	Other	5023604
Richard Scott Joseph	Director	1 Jan 2017	Other	2115979
Colin James Dean	General counsel and secretary	1 Jun 2017	Other	6812586
Christine Teresa Mahoney	Director	1 Aug 2018	Other	7003599
Richard Langdon Nuzum	President & director	1 Aug 2018	Other	4935507

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mercer Llc	Shareholder	1 Feb 1984	75% - 100%	13-4001405
Inc. Mercer Consulting Group	Shareholder	1 Feb 1984	75% - 100%	13-3637227
Inc Marsh & Mclennan Companies	Shareholder	1 Feb 1984	75% - 100%	36-2668272

Based in Chicago

The principal office where Mercer Investment Consulting LLC performs its advisory services is located at 155 North Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Phoenix, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (312) 917-9900 or by fax (312) 917-8999. The normal business hours are 9:00 am to 5:00 pm ct on Monday - Friday. You can find more information about the New York firm at mercer.com.