The business comprises three services: retained wealth management, a holistic financial planning service; executive financial counselling, a financial planning service that employers can provide for their high earners, executives and senior managers; and financial advice, which covers all aspects of building, managing and preserving wealth.

MMC bought Jelf Group in December last year. Jelf’s original financial planning business catered to high net worth individuals, business owners and senior executives from offices in Bath, Bristol and Reading. The combined Mercer Jelf Financial Planning business employs around 100 staff, serves over 2,500 clients, and operates in the additional locations of London, Manchester, Leeds and Edinburgh.

“The launch of the Mercer Jelf Financial Planning brand marks another milestone in Mercer’s strategy to offer a broad range of services to companies and their employees. Our purpose is to help clients advance the wealth, health and careers of their employees and the provision of financial planning is integral to that,” said Fiona Dunsire, Mercer’s UK market leader.

“The pensions and financial health industry continues to experience major change. The introduction of pension freedom and the lifetime allowance reduction highlights that high quality individual financial advice is becoming increasingly important to an ever growing audience,” added Richard Wilson, partner and commercial leader of Mercer’s consumer business.