Provider Profiles
River and Mercantile
| Profile | |
| Business Model/Type§ | OCIO + other |
| Year Entered Into OCIO Business | 2001 |
| No. of Relationship Managers/Salespeople | 27 |
| No. of OCIO Portfolio Managers | 17 |
| OCIO % of Total Firm Revenue | 25% |
| No. of Clients, Full Discretion | 110 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $20.6B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $19.4B |
| 401(k), 403(b), Other DC | $621MM |
| Endowments/Foundation | $424MM |
| Health Care | $145MM |
| Other |
| Portfolio Construction |
At the heart of River and Mercantile's fiduciary proposition is their portfolio construction process. This is driven by their investment committees as a collective. These key committees are the Global Investment Committee ("GIC"), the Macro Committee ("MC"), and the Multi-Asset Committee ("MAC"). The GIC forms aggregate views across a range of asset classes relative to central strategic asset allocations. This forms the basis of how asset allocation decisions on the growth assets are taken, and how a portfolio is constructed. The MC researches economic and market relationships and develops a view as to where we are in the economic and market cycle. The MAC is then responsible for translating those combined views into portfolio construction. |
| § | OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. |
| OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. | |
| Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. | |
| Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. |