The global consultancy and investment house said its AuM rose sharply last year.

Investment, advisory and human resources consultancy Mercer said total assets under management reached $115 billion at the end of last year, rising from $86 billion at the end of 2013.

In terms of its geographic breakdown, the US business represented $46.6 billion at the end of 2014, up from $33.5 billion at year-end 2013. Of the other regions, Mercer’s European business represents $41.5 billion while the Asia-Pacific territory has $21.0 billion, it said in a statement.

Mercer, which has specialist advisory areas including the wealth management sector, recently set out a list of recommended ideas for the industry, such as positioning portfolios for a low-growth environment, exploring whether alternative investments should be embraced by a wider part of the population and adopting more vigorous operational and product risk tests.

Mercer is a wholly owned subsidiary of New York-listed Marsh & McLennan.