Welcome to this edition of Mercer Private Wealth Management’s e-newsletter, Optimist.


With positive momentum on the vaccination front, the reopening of the services component of our economy is energizing our minds and souls, just as we see global markets being re-energized. But prudence still requires caution, as risks remain.


From a markets perspective, we have witnessed exceptional performance from risk assets since the onset of the COVID-19 pandemic. Against this backdrop, an inflation-deflation debate rages. Will inflation be transitory or more systemic? Will central banks (notably, the US Fed) begin to take away the punchbowl sooner than anticipated? This is a pivotal issue, with implications for valuating risk assets. It is with caution that we proceed with seemingly strong underlying fundamentals and review the risks in our portfolios based on various potential economic scenarios to ensure alignment with long-term objectives.


From a Mercer perspective, we are investing strongly in our Private Wealth practice to continue to bring and enhance the high-touch service and investment excellence you have come to appreciate from your private wealth counsellors. This includes a number of new staff members at head office and operations.


As one of two new members of the team, I have returned to Mercer as the Leader of the Private Wealth practice to continue my 14 years with the firm. I am joined by Tracey Routledge, a tenured financial services professional, who will be the Marketing Leader for Mercer Private Wealth.


As we make plans to move back to the office and return to a sense of normalcy, the biggest benefit for us is to reconnect in-person with you, our valued clients. In the coming months, I look forward to the opportunity to get to know you better.


Brian Dayes
Leader, Mercer Private Wealth

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