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 acquisition will expand Marsh’s investment business into the financial adviser-led wealth market while adding capabilities in alternative investments, model portfolios, indexes, and data analytics.
Wilshire advises institutional investors and financial intermediaries across public and private retirement plans, endowments, foundations, and wealth management businesses. Its combination with Marsh is intended to provide those clients with broader access to investment advice and solutions across public and private markets.
Founded in 1972 as an index and risk analytics provider, Wilshire has developed into a diversified investment services company. Its 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. The acquisition also gives Wilshire access to Marsh’s distribution, international presence, and open-architecture investment platform.
Wilshire’s employees across the U.S., Europe, and Asia will join Marsh when the transaction closes. The companies expect to complete the acquisition during the first quarter of 2027, subject to regulatory approvals, client consents, and other customary closing requirements.
Marsh provides services in risk, reinsurance and capital, workforce and investments, and management consulting. The company operates in 130 countries, employs more than 95,000 people, and generates approximately $27 billion in annual revenue.
Wilshire’s institutional relationships, alternative investment capabilities, and adviser-focused products support Marsh’s effort to build a larger global investment operation. The combination is also expected to help customers evaluate increasingly complex portfolios across traditional and private asset classes.
KEY QUOTES
“The acquisition of Wilshire is an important step in growing Marsh’s investments business and strengthening our connection to the financial advisor 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.”
John Doyle, President and Chief Executive Officer of Marsh
“Wilshire will expand our scale and capabilities, particularly in alternatives, model portfolios, and data and analytics, strengthening our platform for wealth advisors and asset managers. We look forward to welcoming Wilshire’s talented and experienced colleagues to Marsh.”
Pat Tomlinson, President and Chief Executive Officer of Marsh People and Investments
“Wilshire has spent more than five decades building innovative, institutional-quality investment capabilities and delivering them to clients across institutional, wealth, and retirement markets. 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.”
Jason Schwarz, Chief Executive Officer of Wilshire