Mercer on Monday completed its acquisition of Hammond Associates, said Charles Salmans, a Mercer spokesman.
Terms of the deal, originally announced Nov. 24, remain undisclosed but have not changed, Mr. Salmans said in an interview.
Mercer’s investment consulting business had $3.7 trillion in assets under advisement as of June 30; Hammond had roughly $41 billion under advisement, with much of that from endowments and foundations.
