HP Wealth Management (S) Pte Ltd (HPWM) is an independent wealth management/multi-family office founded in Singapore in 2009 that provides independent advice and tailor-made investment management services to high-net-worth individuals and families. The firm needed top-tier managers for its growing portfolio of alternatives.
“We faced the problem of not having the expertise to do manager selection and undertake investment and operational due diligence,” says HPWM Managing Partner and Founder Urs Brutsch.
HPWM was too small to get attention from fund managers.
The firm needed to be comfortable delegating its clients’ money to a firm that shared its philosophy around risk management.
After making sure the client was comfortable with Mercer’s process, research coverage and capabilities, the Delegated Investment team identified three key steps:
Mercer partnered with HPWM to take on all investment responsibilities and fiduciary risk.
“[Delegating to Mercer] is a very efficient way to get exposure to top managers you can’t access on a standalone basis,” says Urs. “It’s very comforting to know that Mercer has it all under control.”