Managed by Wellington, the fund will include 40 companies and bow midyear.
Desert Financial Wealth Management had been with LPL for 18 years.
Boulder, Colo.-based firm raises Mercer's AUM to more than $15 billion.
Robert Schrieber, three advisers and three staff will join firm in Elgin, Ill.
Researcher Devenir says number of accounts grew 13% last year to 25 million.
Elana Milianta will work in firm's Greenwich, Conn., office.
Shawn Baldwin found guilty on seven counts of wire fraud.
Intellectual Capital Group is based in Spring Lake, N.J.
Information technology, investment management and legal/compliance are the top three outsourced functions
