Employee Retention through Wealth Management

“Benefits play a major role – whether as a differentiating factor in recruitment, employee retention, or employee motivation.

Private wealth management is still relatively uncommon in this area, but in our opinion, it will gain increasing significance due to changing forms of employment,” explains Eva Lawless, Head of Benefits Transformation at Mercer in Germany.

In the search for a suitable partner that Mercer wishes to offer its clients through the Darwin portal, the market was analysed, and investment specialists from Mercer subjected various providers to a professional evaluation.

As part of this extensive operational due diligence, various areas were analysed and assessed, particularly the investment model, investment processes, risk control functions, IT systems, and business continuity processes.

“Ginmon has fully met our requirements in all these areas,” says Lawless.

Mercer & Ginmon - a strong team

The careers of their employees as well as their health are extremely important to most employers. Adequate coverage and additional benefits from employers help support the employees' health.

Through the collaboration, employers now benefit from the combination of strategic consulting and digital management from Mercer along with Ginmon's independent and flexible solution for private wealth accumulation. “We are grateful for Mercer’s trust in our company and the team behind it.

Interest in private wealth management as a benefit from employers is increasing,” comments Lars Reiner, founder and managing director of Ginmon.

Digital wealth management can be a meaningful addition to occupational pension schemes, without employees having to commit to using the wealth. It therefore addresses the growing desire for flexibility in benefits and pensions.

Mercer offers comprehensive consulting and technical implementation in the area of benefits with the help of the Darwin portal. “In this context, we are currently in discussions with cooperation partners from various sectors, including mobility, coaching, and health.

We want to develop customised benefits and rewards strategies and implement them either directly through our platform or – when this is more effective – in collaboration with the best possible partners,” explains Lawless.

“Employers are an important pillar in supporting people in implementing private wealth accumulation. Our partnership with Mercer has the potential to significantly improve and make employees' provisions highly efficient,” adds Reiner.

Through the cooperation with Mercer, Ginmon sharpens its profile as an attractive technology partner in digital wealth management and lays the foundation for further collaborations, in order to offer even more savers a user-friendly and flexible solution for private wealth accumulation.