Marsh agrees acquisition of Wilshire

Marsh has agreed to acquire global investment advisory services and analytics provider Wilshire for an undisclosed amount.

Wilshire serves financial intermediaries and institutional investors, and has $221bn in assets under management and $1.6trn in assets under advice.

Marsh said the acquisition would expand its investments business into the adviser-led wealth market, while adding analytics and alternative investment capabilities.

The transaction is expected to close in the first quarter of 2027 and is subject to customary closing conditions, regulatory approvals, and client consents.

Marsh president and CEO, John Doyle, said the acquisition was an important step in growing Marsh’s investments business and strengthening its connection to the financial adviser ecosystem.

“By combining Wilshire’s capabilities with our global reach, open architecture, and expertise across public and private markets, we can help clients make better decisions and build resilient portfolios in an increasingly complex investment environment,” Doyle added.

Wilshire was founded in 1972 as an index and risk analytics provider, before diversifying as an investment services firm that combines multi-asset advice and solutions, alternative investment capabilities, and indexes with proprietary data, technology, and analytics.

“Wilshire has spent more than five decades building innovative, institutional-quality investment capabilities and delivering them to clients across institutional, wealth, and retirement markets,” said Wilshire CEO, Jason Schwarz.

“Now is the time to join with Marsh, and through its global reach and resources, extend our platform, broaden our capabilities, and serve clients across the investment value chain.”

March People and Investments president and CEO, Pat Tomlinson, commented: “Over the past decade, we’ve built a comprehensive platform serving institutional investors and wealth clients with advice, products, and solutions.

“Wilshire will expand our scale and capabilities, particularly in alternatives, model portfolios, and data and analytics, strengthening our platform for wealth advisers and asset managers. We look forward to welcoming Wilshire’s talented and experienced colleagues to Marsh.”

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