Crisil, an S&P Global Company, today said it has acquired McKinsey PriceMetrix Co (“PriceMetrix”), a provider of performance benchmarking and data-driven insights for the wealth management industry.
PriceMetrix, based in Toronto, serves wealth management firms in the US and and Canada and it’s proprietary database covers $8 trillion in assets under management and 30 million investment accounts.
The acquisition includes key products such as ValueOne, FeeCheck, CommissionCheck, SignalOne, advisory services, and surveys of the North American wealth management sector.
“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,” said Amish Mehta, Managing Director & CEO, Crisil.
Post-transaction, PriceMetrix will be part of Crisil Coalition Greenwich, and its employees will transition to Crisil. McKinsey will continue leveraging PriceMetrix data for its client engagements.
The transaction is expected to be completed over the coming months, subject to meeting customary closing conditions.