Secor Asset Management
Secor Asset Management was a boutique asset management firm specializing in direct trading execution. It was acquired by Mercer (a Marsh business) in 2025 alongside Cardano to add trading capability to Mercer's investment solutions platform.
- Company typePrivate
- Founded2010
- HeadquartersNyack, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Secor Asset Management does
Secor Asset Management is an asset management firm that was acquired by Mercer (a Marsh business, itself a subsidiary of publicly traded Marsh McLennan Companies) in 2025 alongside Cardano. The stated strategic rationale for the acquisition was to add direct trading capability to Mercer's investment solutions business in response to client demand for greater execution capabilities, indicating that Secor's core competence lay in trade execution rather than advisory, OCIO, or product manufacturing functions.
The acquisition positions Secor's trading expertise within Mercer's broader investment solutions platform, which spans outsourced CIO (OCIO), alternatives, family offices, insurance companies, not-for-profit organizations, wealth managers, and sustainability offerings. Limited information is available regarding Secor's pre-acquisition product lineup, fee structure, AUM, customer base, or operating geography, as public source material focuses on Mercer's parent-level positioning rather than Secor-specific operations.
The business model of the standalone entity cannot be characterized from the available data. As an investment manager acquired for its execution capability, Secor likely generated revenue from trading-related fees, commissions, or sub-advisory mandates, but no pricing model, contract structure, or customer segmentation is disclosed. Post-acquisition, Secor's economics are subsumed within Mercer's investment solutions segment, and it no longer operates as an independent revenue-generating entity.
Secor Asset Management firmographics
Firmographics- Name
- Secor Asset Management
- Website
- https://secor-am.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Secor Asset Management was a boutique asset management firm specializing in direct trading execution. It was acquired by Mercer (a Marsh business) in 2025 alongside Cardano to add trading capability to Mercer's investment solutions platform.
- Ownership category
- akta.pro rank
Secor Asset Management industry classification
Industry- Product category
- Investment Trading Services
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189)
- akta.pro primary industry
- Securitized Products (MBS/ABS/CMBS) (FSAAAHAE)
- akta.pro secondary industry
- Prime Brokerage & Institutional Trading Services (FSAPADAF)
Keywords
Where Secor Asset Management is headquartered
LocationHeadquarters
- HQ city
- Nyack
- HQ country
- United States
- HQ region
- North America
Markets served
Secor Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Secor Asset Management product offering
Product offeringCore offering
Secor Asset Management provides direct trading and execution capability to institutional clients. The firm was acquired by Mercer in 2025 to add in-house direct trading capability in response to client demand for greater execution capabilities. Following the acquisition, Secor's offering is integrated into Mercer's investment solutions business.
Differentiator
Problem solved
Functional benefit
Products and services
- Direct Trading and Execution Services
Companies that use Secor Asset Management
Customer profileIdeal customer profiles1 record
Secor Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Secor Asset Management partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights2 records
Secor Asset Management competitors and assessment
Company assessmentMarket position
Strengths3 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Secor Asset Management social profiles
Digital presenceSecor Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Secor Asset Management leadership team
Management profileNumber of profiles
Secor Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Secor Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Secor Asset Management
What does Secor Asset Management do?
Secor Asset Management provides direct trading and execution capability to institutional clients. The firm was acquired by Mercer in 2025 to add in-house direct trading capability in response to client demand for greater execution capabilities. Following the acquisition, Secor's offering is integrated into Mercer's investment solutions business.
When was Secor Asset Management founded?
Secor Asset Management was founded in 2010. It employs 11 to 50 people.
Where is Secor Asset Management based?
Secor Asset Management is headquartered in Nyack, United States, in the North America region.
Does Secor Asset Management have an API?
No public API is recorded for Secor Asset Management.
What industry is Secor Asset Management in?
Secor Asset Management's product category is Investment Trading Services. Its primary akta.pro industry code is FSAAAHAE, Securitized Products (MBS/ABS/CMBS), with a secondary code of FSAPADAF, Prime Brokerage & Institutional Trading Services. Its NAICS code is 5231 and its SIC code is 6211.