Mercer, the global financial services consultancy, has developed two new high-volume services which will provide bespoke fund screening for wealth managers.

The high-volume tools will enable wealth managers to access the material, strategies and intellectual capital used by insitutional investors and pensions funds, the firm said in a statement.

The high-volume research service seeks to provide bespoke high-level review sof funds, rather than the traditional full manager research reports, and help wealth managers identify possible issues with the funds.

The firm said that high-volume monitoring is a regular monitoring service, where Mercer’s team will seek to identify material changes with a fund which could impact client outcomes.

The new services will be rolled out in September 2013.

“This approach can provide a base-level view of a fund and can help to prioritize funds for deeper due diligence, if required. High-volume monitoring follows the same approach to identify material changes in an investment team, strategy, or the firm, and can be conducted on a regular basis for clients. The services are cost-effective and time-efficient for clients, although they are not a short-cut to manager research and will not result in a rating," said Bev Sharp, global head of retail research.