Mumbai: Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co., a provider of performance benchmarking and data-driven insights for the wealth management industry.
PriceMetrix brings with it a rich proprietary database covering $8 trillion in assets under management (AUM) and 30 million investment accounts across the U.S. and Canada, accumulated over 25 years.
Its suite of products includes ValueOne, FeeCheck, CommissionCheck, SignalOne, advisory services, and comprehensive surveys of the North American wealth management sector.
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Crisil PriceMetrix Acquisition Expands Wealth Management Capabilities
PriceMetrix, based in Toronto, serves leading wealth management firms in the U.S. and Canada. Its proprietary database covers $8 trillion in assets under management and 30 million investment accounts, backed by 25 years of data.
The acquisition includes key products such as ValueOne, FeeCheck, CommissionCheck, SignalOne, advisory services, and comprehensive surveys of the North American wealth management sector.
This planned acquisition aligns with Crisil’s strategy to scale in wealth management and extend sector benchmarking capabilities to large global banks, traditional wealth managers, and registered investment advisors (RIAs).
“With this acquisition, Crisil strengthens its position as a leading provider of benchmarking and analytics across financial services,” said Amish Mehta, Managing Director & CEO, Crisil.
“PriceMetrix’s proven expertise in wealth management and its rich data assets perfectly complement our existing offerings. Together, we will deliver enhanced insights and create significant value for clients globally.”
Post-transaction, PriceMetrix will be part of Crisil Coalition Greenwich, and its employees will transition to Crisil. McKinsey will continue leveraging PriceMetrix insights for its client engagements.
“PriceMetrix has been an important part of our wealth and asset management practice. We are fortunate to have had the opportunity to work with this outstanding team and to have played a part in further developing what is now a market-leading capability,” said Jonathan Godsall, Senior Partner, co-lead of McKinsey & Company’s Global Wealth & Asset Management practice.
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“We are grateful to all our colleagues and clients who have been part of that journey and are excited about their future under Crisil’s leadership and direction.”
The transaction is expected to be completed over the coming months, subject to meeting customary closing conditions.
