Key Takeaways
- • Mercer Advisors announced the completed rollout of Aspen Investing, a proprietary investment platform giving every advisory team access to the firm's more than $100 billion centralized investment platform, according to a Business Wire release dated October 20, 2026.
- • Aspen Investing uses unified managed accounts built with Orion to integrate strategies from multiple third-party managers within a single account, and adds in-house Direct Indexing, daily tax-loss harvesting, and a capital gains tax budget.
- • The platform is led by Chief Investment Officer Donald Calcagni and a team of more than 125 professionals, and is integrated with Aspen Partners, the firm's private markets offering spanning private equity, venture capital, private credit, real estate and infrastructure.
- • Mercer Advisors says the platform is designed to reduce portfolio costs through strategic relationships with asset managers, though the release does not quantify the savings.
Summary
Mercer Advisors, Inc., a national wealth management and financial planning firm headquartered in Denver, has completed the rollout of Aspen Investing, a proprietary investment platform that the firm describes as the next evolution of its centralized investment capabilities. According to the company's Business Wire announcement, the platform allows every advisory team to access the full power of Mercer Advisors' more than $100 billion centralized investment platform, and is built natively within Aspen, the firm's broader advisory technology platform.
The platform is powered by Mercer Advisors' investing team, led by Chief Investment Officer Donald Calcagni and comprising more than 125 professionals. Calcagni said Aspen Investing was designed to give every client access to portfolio management typically reserved for endowments and large institutions, tailored to individual goals and circumstances. The firm states that the platform enables advisors to build custom investing programs aligned with each client's financial plan, tax position, investing preferences, values-based overlays, security-specific exclusions or additions, and alternative investment allocations.
Aspen Investing was built in collaboration with Orion, with unified managed accounts (UMAs) integrating strategies from multiple third-party managers in a single account. Orion CEO Natalie Wolfsen described the platform as a leading-edge example of personalized, fiduciary-driven portfolio design. The platform's advanced capabilities include in-house Direct Indexing, advanced tax management with daily tax-loss harvesting and a capital gains tax budget, integration of legacy low-basis positions to ease transitions for clients and incoming partner firms, and enhanced reporting and risk monitoring. Daniel Gourvitch, President of Mercer Advisors, said the firm has moved beyond model portfolios to create customized investment programs.
The platform was developed with the support of Avantos and is designed to work with major custodians including Charles Schwab, Fidelity Investments and Raymond James, as well as dozens of leading institutional asset managers. It also incorporates Aspen Partners, the firm's proprietary private markets offering, which provides qualified investors with a curated portfolio of private equity, venture capital, private credit, real estate and infrastructure strategies on institutional terms.
Mercer Advisors reports $111 billion in client assets as of July 31, 2026, including assets under management and under advisement, and 1,730+ employees across more than 110 locations. The firm cites its ranking as the number one RIA firm for non-mega firms in Barron's Top 100 rankings for the last three years, and its designation as Best Overall Firm for High-Net-Worth Investors in the 2026 Wall Street Journal Buy Side rankings. The company is majority owned by Oak Hill Capital, Genstar Capital, Altas Partners and GIC. The release does not disclose the platform's build cost, client count or specific fee reductions.
The platform is powered by Mercer Advisors' investing team, led by Chief Investment Officer Donald Calcagni and comprising more than 125 professionals. Calcagni said Aspen Investing was designed to give every client access to portfolio management typically reserved for endowments and large institutions, tailored to individual goals and circumstances. The firm states that the platform enables advisors to build custom investing programs aligned with each client's financial plan, tax position, investing preferences, values-based overlays, security-specific exclusions or additions, and alternative investment allocations.
Aspen Investing was built in collaboration with Orion, with unified managed accounts (UMAs) integrating strategies from multiple third-party managers in a single account. Orion CEO Natalie Wolfsen described the platform as a leading-edge example of personalized, fiduciary-driven portfolio design. The platform's advanced capabilities include in-house Direct Indexing, advanced tax management with daily tax-loss harvesting and a capital gains tax budget, integration of legacy low-basis positions to ease transitions for clients and incoming partner firms, and enhanced reporting and risk monitoring. Daniel Gourvitch, President of Mercer Advisors, said the firm has moved beyond model portfolios to create customized investment programs.
The platform was developed with the support of Avantos and is designed to work with major custodians including Charles Schwab, Fidelity Investments and Raymond James, as well as dozens of leading institutional asset managers. It also incorporates Aspen Partners, the firm's proprietary private markets offering, which provides qualified investors with a curated portfolio of private equity, venture capital, private credit, real estate and infrastructure strategies on institutional terms.
Mercer Advisors reports $111 billion in client assets as of July 31, 2026, including assets under management and under advisement, and 1,730+ employees across more than 110 locations. The firm cites its ranking as the number one RIA firm for non-mega firms in Barron's Top 100 rankings for the last three years, and its designation as Best Overall Firm for High-Net-Worth Investors in the 2026 Wall Street Journal Buy Side rankings. The company is majority owned by Oak Hill Capital, Genstar Capital, Altas Partners and GIC. The release does not disclose the platform's build cost, client count or specific fee reductions.
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