Marsh has agreed to acquire Wilshire, a global investment consulting, solutions and analytics firm serving institutional investors and financial intermediaries.
Wilshire has $221bn in assets under management and $1.6tn in assets under advisement, both as of 30 June 2026. Financial terms were not disclosed.
The acquisition is expected to close in the first quarter of 2027, subject to customary closing conditions, regulatory approvals and client consents. Wilshire is being sold by Motive Partners and CC Capital, which have been investors in the firm since 2021. On completion, Wilshire colleagues in the US, Europe and Asia will join Marsh.
According to the release, the deal expands Marsh's investments business into the adviser-led wealth segment and adds analytics and alternative investment capabilities. It also strengthens Marsh's offering to institutional investors across public and private retirement plans, endowments, and foundations.
"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," said John Doyle, President and CEO of Marsh.
"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," said Jason Schwarz, CEO of Wilshire.
Wilshire was founded in 1972 as an index and risk analytics provider. It is now a diversified investment services firm combining multi-asset advice and solutions, alternative investment capabilities, and indexes with proprietary data, technology, and analytics.
Marsh, headquartered in New York, is a professional services firm in risk, strategy, people, and investments. It has annual revenue of $27bn, more than 95,000 colleagues, and clients in 130 countries.
