Important disclosure information
Review the following disclosure information for extensive details about Mercer Securities.
Business continuity
Revenue
sharing
SEC Rule 606
Client complaint contact information
Business continuity
Mercer maintains a business continuity plan, including redundant computer systems and alternate processing facilities, to address interruptions to our normal course of business. These plans are reviewed annually and updated as necessary.
Our plans outline the actions Mercer will take in the event of a building, citywide, or regional incident, including relocating technology and operational personnel to pre-assigned alternate facilities. Technology data processing can also be switched to an alternate data center.
Mercer operational facilities are equipped for resumption of business and are tested several times per year. Our recovery time objective for business resumption, including those involving a relocation of personnel or technology, is four (4) hours. This recovery objective may be negatively affected by the unavailability of external resources and circumstances beyond our control.
If Mercer is experiencing business interruption and cannot be reached at
866-727-7277, you may also visit the Customer Support page for our clearing firm, Pershing, at www.pershing.com/customer_support.html for contact information and details regarding the sevices they provide.
Revenue sharing
Mercer Securities, a division of MMC Securities Corp. ("MMCSC or the "Dealer") receives networking fees for various services provided, which relate to our involvement with the sale of many different mutual funds. These fees are generally paid from invested assets in the mutual funds, but they can also be subsidized in part by affiliates of the mutual funds.
In addition to sales loads, 12b-1 fees, networking and processing fees, MMCSC receives other compensation from certain distributors or advisors of mutual funds that we sell. These separate compensation amounts, commonly referred to as revenue sharing, are based upon two components: 1) the amount of sales by MMCSC of a particular mutual fund to our clients; and 2) the value of a particular mutual fund family's shares held by our clients. MMCSC requires that the payments be made directly from the distributor, and not from the mutual funds or indirectly through mutual funds portfolio trading commissions, because revenue sharing payments are intended to compensate us for services in connection with our involvement in the sales of various mutual funds.
MMCSC may also receive other payments from mutual fund companies and their affiliates in connection with educational seminars or conferences, or other promotional incentives generally provided to dealers to the extent allowed by SEC and FINRA rules and by other applicable laws and regulations. MMCSC also receives marketing support payments which are generally available to most dealers who engage in selling a significant amount of certain mutual funds. These specific fees will not normally exceed 0.085% of the average assets of the retail mutual funds attributable to that dealer on an annual basis. These payments are made for marketing support services provided by the Dealer, including: formalized business planning assistance; support and marketing to Dealer's sales representatives through internal sources (such as Internet web sites and mailings); assisting and facilitating new product approval on a timely basis; enabling distributor to participate in and present at conferences; Periodic communication to distributor regarding internal policies; allowing distributor to educate dealer's registered representatives upon the Dealer's request regarding new products; and periodic communications from Distributor regarding policies and procedures to Dealer's sales representatives and providing access to distributor's funds on Dealer's distribution platform.
Revenue sharing payments appear to present a conflict of interest for MMCSC and other dealers who participate in revenue sharing agreements. This conflict exists because the revenue sharing payments dealers receive from the sale of various mutual funds provides some degree of a financial incentive for dealers to offer customers the ability to buy and hold shares of certain mutual funds that they maintain and profit from selling on their distribution platform. However, MMCSC does not make recommendations on the mutual funds that are offered on our distribution platform. Instead, we are dedicated to providing our customers with a wide variety of investment options that are diverse and designed to meet the needs and interests of our customers and their investment objectives.
SEC Rule 606
Disclosure of order routing practices
Our clearing firm, Pershing LLC ("Pershing") has provided the data concerning the routing of order flow (the "Data") on this website. Although Pershing has used commercially reasonable efforts to provide accurate Data, the Data is provided to you on an "as is" basis.
If you would like to read this information, you will be required to enter the Broker-Dealer name ("MMC Securities Corp") when accessing the website. If you would like to enter the site now, please click here.
Client complaint contact information
If you have a complaint related to your Mercer Securities account, please contact:
MMC Securities Corp.
Attn: Chief Compliance Officer
121 River St., 8th Fl.
Hoboken, NJ 07030
Tel. No. : (212) 345-5000
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