Jean-Philippe Provost

Global consulting services provider Mercer has collaborated with WealthSimple for the creation of a digital saving and investment solution, Mercer Invest Wise, for the Canadian workforce, thus combining Wealthsimple’s advice model and technology with Mercer’s investment expertise. It aims to assist its target population in managing their finances and retirement savings.

“This new service brings investment solutions to the Canadian workforce that were previously only available to the largest retirement plans in the country. It’s an alternative to high-fee, more limited options available in the retail market for people who want to save more in an affordable way, and simply and easily transition into retirement with confidence,” said Jean-Philippe Provost, Senior Partner and Wealth Business Leader for Mercer Canada.

“With Wealthsimple’s technology, advice, and service, and our investment expertise, users of Mercer Invest Wise™ can build their savings and drawdown their retirement money, knowing it is being expertly managed at fees that are much lower than the average mutual fund,” he continued.

According to the supplier, Mercer Invest Wise will be made available to the workforce and organizations, thus keeping their benefits packages competitive and adaptable.  Employers supporting Invest Wise will be able to support employee financial wellness.

“Our mission has always been to enable all Canadians to achieve financial freedom through access to high-quality, low-cost tools and advice that help them manage their wealth and invest wisely,” said Michael Katchen, CEO and co-founder, Wealthsimple. “By collaborating with Mercer to introduce Mercer Invest Wise™, we’re able to provide these savings and investment products to even more people, regardless of their life stage or how much money they have to invest.”

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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