Mergers & Acquisitions
Marsh Agrees to Acquire Wilshire, Extending Investments Business Into Advisor-Led Wealth
By News Desk ·
Key takeaways
- Marsh agreed to acquire Wilshire, an investment consulting and analytics firm with $221 billion in assets under management and $1.6 trillion in assets under advisement.
- Financial terms of the transaction were not disclosed, and the deal is expected to close in the first quarter of 2027.
- Marsh completed its acquisition of AltamarCAM on November 4, 2026, adding 280 employees and lifting private markets assets under management to $75 billion.
Marsh agreed to acquire Wilshire, a global investment consulting, solutions and analytics firm, the company said in a Business Wire announcement on November 10, 2026. Financial terms were not disclosed. The transaction is expected to close in the first quarter of 2027.
Marsh's Deal Terms for Wilshire
Marsh, the professional services firm in risk, strategy, people and investments, said the acquisition expands its investments business into the advisor-led wealth segment. The deal adds analytics and alternative investment capabilities and strengthens Marsh's offering to institutional investors across public and private retirement plans, endowments and foundations. Closing is subject to customary closing conditions, regulatory approvals and client consents.
Wilshire was founded in 1972 as an index and risk analytics provider. The firm combines multi-asset advice and solutions, alternative investment capabilities and indexes with proprietary data, technology and analytics. It reports $221 billion in assets under management and $1.6 trillion in assets under advisement, both as of June 30, 2026.
"The acquisition of Wilshire is an important step in growing Marsh's investments business and strengthening our connection to the financial advisor ecosystem," said John Doyle, President and CEO of Marsh. Pat Tomlinson, President and CEO of Marsh People and Investments, said Wilshire will expand scale and capabilities in alternatives, model portfolios, and data and analytics. Jason Schwarz, CEO of Wilshire, said the firm will use Marsh's global reach and resources to extend its platform. Wilshire's colleagues across offices in the United States, Europe and Asia will join Marsh upon completion of the transaction.
Marsh's Recent Acquisition Record
Marsh completed its acquisition of TriBridge Partners on June 1, 2026, strengthening employee benefits and wealth management capabilities in the Mid-Atlantic US, according to akta.pro company records. Marsh announced on May 22, 2026, an agreement to acquire ENEOS Insurance Service Co., Ltd. from ENEOS Holdings, expanding commercial and personal insurance capabilities in Japan. Marsh reported full-year 2025 revenue of $27.0 billion, a 10% increase year-over-year, and employs more than 95,000 colleagues globally.
Deals Leading Up to Wilshire
Marsh completed its acquisition of AltamarCAM, a private markets asset manager, adding 280 employees and expanding its private markets assets under management to $75 billion, Stock Titan reported on November 4, 2026. On November 2, 2026, Marsh acquired Triton Insurance Agency, a marine and yacht insurance agency, with financial terms undisclosed, according to TradingView. The Triton team will join Marsh Agency, adding specialized marine and yacht insurance capabilities.
Wilshire's Role After Closing
Wilshire's colleagues across offices in the United States, Europe and Asia will join Marsh upon completion of the transaction, which is expected in the first quarter of 2027.