Marsh to acquire Wilshire

NEW YORK | November 10, 2026

Marsh (NYSE: MRSH), the leading professional services firm in risk, strategy, people, and investments, today announced that it has agreed to acquire Wilshire, a global investment consulting, solutions, and analytics firm that serves institutional investors and financial intermediaries. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions, regulatory approvals, and client consents. Financial terms were not disclosed.

This acquisition expands the reach of Marsh's investments business into the advisor-led wealth segment and adds analytics and alternative investment capabilities, while strengthening 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.

"Over the past decade, we've built a comprehensive platform serving institutional investors and wealth clients with advice, products, and solutions," said Pat Tomlinson, President and CEO of Marsh People and Investments. "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."

Founded in 1972 as an index and risk analytics provider, Wilshire is a diversified investment services firm that combines multi-asset advice and solutions, alternative investment capabilities, and indexes with proprietary data, technology, and analytics. It has $221 billion in assets under management¹ and $1.6 trillion in assets under advisement.²

Jason Schwarz, CEO of Wilshire, said, "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."

Wilshire's colleagues across offices in the United States, Europe, and Asia will join Marsh upon completion of the transaction.