Mercer Advisors, a national RIA with $60 billion in client assets under management, on Monday announced the expansion of its private markets offering with the launch of the Aspen Partners platform.
Aspen Partners, a proprietary private markets platform built by Mercer, delivers institutional-grade access and terms for individual investors in private markets, according to the firm.
Through Aspen Partners, all qualified Mercer Advisors clients will be able to participate in a portfolio of private investments with lower portfolio-level costs, low minimums and a streamlined operational experience, the company said.
To be a qualified purchaser, the client needs at least $5 million in investable assets.
Privately held assets significantly outweigh the public markets and represent many of the world's fastest-growing companies, as well as large swaths of the credit markets and other interesting opportunities, according to Mercer.
Many investors and RIAs, however, "find it difficult to confidently access high-quality private markets opportunities in a scalable, investor-friendly way," the firm said.
