Mercer has grown its financial advice business by setting up a new team in Parramatta.
The move, which will be completed on 22 March, enables Mercer to be more accessible to customers in Western Sydney and better service its growing Mercer Super Trust clients.
"We are committed to improving the prosperity of Australians, and the expansion to Parramatta places us at the geographical heart of Sydney and a major business and commercial hub," Mercer financial advice leader for the Pacific region, Michelle Smith, said.
Smith added the company was the first salaried advice business in Australia to have every office, including 60 financial advisers, accredited as a Professional Practices of the Financial Planning Association (FPA).
"Our advisers have the best of both worlds - we can be product agnostic and we can draw upon the latest thinking, research and market forecasts of our global investment network," Smith said.
Parramatta, including its surrounds, is the fastest growing region in New South Wales and is undergoing significant investment. It is estimated around 50,000 new jobs will be created in Parramatta in the next 20 years, and by 2050, the region could house 70% of Sydney's population.