Mercer Advisors Completes Aspen Investing Rollout

The firm introduced a new platform to provide direct indexing and unified account management for its clients.

Updated on Oct. 20, 2026 in Investing

Mercer Advisors Completes Aspen Investing Rollout

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Denver-based Mercer Advisors has officially completed the rollout of its Aspen Investing platform. The system is designed to provide customized investment strategies at scale while reducing portfolio costs for its clients.

Why it matters

The platform aims to enhance portfolio management by integrating direct indexing and tax-loss harvesting capabilities. This move allows the firm to offer personalized investment options that align with specific client financial plans and values-based screens.

Mercer Advisors currently manages over $100 billion in assets using this platform. By the end of 2025, total industry direct indexing assets had reached $1.2 trillion.

The players

Mercer Advisors

This Denver-based wealth management firm oversees over $100 billion in total assets for its clients.

Orion

This firm collaborated with Mercer Advisors to develop the infrastructure for the new investment platform.

Avantos

This company worked alongside Mercer and Orion to engineer the capabilities of the Aspen Investing system.

Charles Schwab

This financial services institution acts as one of the primary custodians supported by the new platform.

Fidelity Investments

This major investment firm provides custodial support for portfolios managed through the platform.

The details

The Aspen Investing platform enables daily tax-loss harvesting and the use of unified managed accounts to hold multiple third-party strategies. It supports portfolio management across major custodians including Charles Schwab, Fidelity Investments, and Raymond James, while managing capital gains tax budgets and low-basis legacy holdings.

June 2024: Mercer introduced the Aspen Partners private markets offering.
End of 2025: Direct indexing assets reached $1.2 trillion across the industry.
July 2026: Mercer released the second generation of its AI-enabled platform.
October 20, 2026: Mercer announced the rollout of Aspen Investing.

Market Dynamics

The rollout of the Aspen Investing platform reflects the broader financial industry shift toward scaling personalized, tax-efficient investment strategies. It aligns with the documented trend of direct indexing assets reaching $1.2 trillion by the end of 2025.

Clients can now benefit from automated tax-loss harvesting and consolidated management across multiple custodians. These features may improve portfolio tax efficiency and simplify the alignment of investments with individual financial goals.

The takeaway

The implementation of this platform highlights the growing importance of automated portfolio customization in modern wealth management. Investors should review how these new tax-management features can be integrated into their existing long-term financial plans.