Key Takeaways
- • Marsh has agreed to acquire Wilshire, an investment consulting, asset management, and analytics firm managing $221 billion in assets under management and advising on $1.6 trillion, according to the primary report.
- • The deal expands Marsh's investment business into the financial adviser-led wealth market and adds capabilities in alternative investments, model portfolios, indexes, and data analytics.
- • Wilshire's employees across the U.S., Europe, and Asia will join Marsh at closing, which the companies expect in the first quarter of 2027, subject to regulatory approvals and client consents.
- • Wilshire gains access to Marsh's distribution network, international presence, and open-architecture investment platform, while Marsh gains a larger institutional and adviser-focused investment franchise.
Summary
Marsh has agreed to acquire Wilshire, an investment consulting, asset management, and analytics firm with $221 billion in assets under management and $1.6 trillion under advisement. The transaction is designed to extend Marsh's investment business into the financial adviser-led wealth market while adding alternative investments, model portfolios, indexes, and data analytics capabilities.
Wilshire advises institutional investors and financial intermediaries, including public and private retirement plans, endowments, foundations, and wealth management businesses. According to the announcement, the combination is intended to give these clients broader access to investment advice and solutions spanning public and private markets. Founded in 1972 as an index and risk analytics provider, Wilshire has grown into a diversified investment services company whose platform combines multi-asset consulting, managed investment solutions, alternative investment expertise, indexes, proprietary information, and technology.
Marsh expects Wilshire's model portfolios and analytics to strengthen its relationships with wealth advisers and asset managers. In return, Wilshire gains access to Marsh's distribution, international presence, and open-architecture investment platform. Marsh describes the deal as a step toward building a larger global investment operation, and expects the combination to help customers evaluate increasingly complex portfolios across traditional and private asset classes.
Wilshire's employees across the U.S., Europe, and Asia will join Marsh when the transaction closes. The companies expect completion in the first quarter of 2027, subject to regulatory approvals, client consents, and other customary closing conditions.
Marsh operates across risk, reinsurance and capital, workforce and investments, and management consulting. It serves clients in 130 countries, employs more than 95,000 people, and generates approximately $27 billion in annual revenue. John Doyle, President and Chief Executive Officer of Marsh, said the acquisition is "an important step in growing Marsh's investments business and strengthening our connection to the financial advisor ecosystem." Pat Tomlinson, President and CEO of Marsh People and Investments, said Wilshire will expand the firm's scale in alternatives, model portfolios, and data and analytics. Jason Schwarz, CEO of Wilshire, said the firm has spent more than five decades building institutional-quality investment capabilities and that joining Marsh will extend its platform across the investment value chain.
Wilshire advises institutional investors and financial intermediaries, including public and private retirement plans, endowments, foundations, and wealth management businesses. According to the announcement, the combination is intended to give these clients broader access to investment advice and solutions spanning public and private markets. Founded in 1972 as an index and risk analytics provider, Wilshire has grown into a diversified investment services company whose platform combines multi-asset consulting, managed investment solutions, alternative investment expertise, indexes, proprietary information, and technology.
Marsh expects Wilshire's model portfolios and analytics to strengthen its relationships with wealth advisers and asset managers. In return, Wilshire gains access to Marsh's distribution, international presence, and open-architecture investment platform. Marsh describes the deal as a step toward building a larger global investment operation, and expects the combination to help customers evaluate increasingly complex portfolios across traditional and private asset classes.
Wilshire's employees across the U.S., Europe, and Asia will join Marsh when the transaction closes. The companies expect completion in the first quarter of 2027, subject to regulatory approvals, client consents, and other customary closing conditions.
Marsh operates across risk, reinsurance and capital, workforce and investments, and management consulting. It serves clients in 130 countries, employs more than 95,000 people, and generates approximately $27 billion in annual revenue. John Doyle, President and Chief Executive Officer of Marsh, said the acquisition is "an important step in growing Marsh's investments business and strengthening our connection to the financial advisor ecosystem." Pat Tomlinson, President and CEO of Marsh People and Investments, said Wilshire will expand the firm's scale in alternatives, model portfolios, and data and analytics. Jason Schwarz, CEO of Wilshire, said the firm has spent more than five decades building institutional-quality investment capabilities and that joining Marsh will extend its platform across the investment value chain.
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