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Calcagni, Donald
Chief Investment Officer
RIAs: More Than $10 Billion AUM/AUA
Luminaries 2026 Impact Statement
Donald Calcagni, Chief Investment Officer of Mercer Advisors, is leading the evolution of fiduciary investing at scale. Overseeing more than $100 billion in client assets and a 125-plus person investment team, he has built a disciplined platform that delivers evidence-based strategies in institutional-quality portfolios tailored to each client’s needs. In the past year, Donald spearheaded the launch of Aspen Investing, a centralized platform that integrates portfolio management, trading, and advanced investment capabilities into a single advisor experience. The platform expands access to private markets, direct indexing, and sophisticated strategies — enabling more personalized, tax-efficient outcomes for clients. Under his leadership, Mercer Advisors has maintained exceptionally low portfolio costs while delivering strong relative performance, reinforcing its position as a leader in modern wealth management.
