Coutts has awarded a mandate to Mercer to assist its manager selection across its private client portfolios, Citywire reports. Mercer’s investment consulting division will help Coutts and RBS Coutts with the selection of active managers across a number of asset classes. Mercer would be a sounding board, helping to screen and give suggestions for actively managed funds. Adam & Company, another part of RBS’ wealth management division, will keep its fund selection in-house.
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