Mercer to acquire Pavilion Financial’s wealth management operations

Global consulting firm Mercer has signed an agreement to acquire the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corporation.

Pavilion is a global investment services firm with its headquarters in Winnipeg. The acquisition is subject to customary conditions, including regulatory and shareholder approvals, and is expected to close in Q4, a Mercer release said.

“Our retirement and investment offering continues to grow and become more sophisticated as we focus on providing better outcomes to a broader range of investors,” said Jean-Philippe Provost, wealth business leader at Mercer Canada, in a release. “This acquisition will allow our consultants and advisors to draw on industry-wide best practices and deliver optimal outcomes for our clients.”

Pavilion was ranked 13^th in worldwide assets under advisement (US$685 billion) in June 2017, the release said.

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