Mercer Global Advisors completes Aspen Investing rollout across more than 43,000 accounts

Mercer Global Advisors has completed the rollout of Aspen Investing, its proprietary investment platform, across more than 43,000 client accounts, according to WealthManagement.com. The $110 billion-AUM RIA now gives advisors a single dashboard for portfolio construction, private-markets access and tax management.

The platform runs on technology built with Orion and uses unified managed accounts to hold third-party managers' strategies, public and private, inside a single account.

The platform carries Aspen Partners, Mercer's private-markets program built with Opto Investments, which gives qualified clients access to private equity, private credit, venture capital, real estate and infrastructure strategies.

In-house direct indexing, daily tax-loss harvesting and a capital gains budget are also included. The platform can integrate legacy positions carrying unrealized gains. CIO Donald Calcagni and an investment team of more than 125 professionals oversee it.

Mercer built Aspen to run at Charles Schwab, Fidelity Investments and Raymond James, not only inside Mercer's own shop. Mercer released Aspen 2.0, the second generation of its unified operating system, in July.