Crisil To Acquire McKinsey’s PriceMetrix to Boost Wealth Analytics

Crisil, a subsidiary of S&P Global, has announced its acquisition of PriceMetrix, a Toronto-based wealth management analytics firm previously owned by McKinsey & Company. This strategic move is set to enhance Crisil’s global benchmarking and data analytics capabilities, particularly in the financial services domain.  

Key developments  

- PriceMetrix brings with it a proprietary database covering 30 million investment accounts and USD 8 trillion in assets under management, built over 25 years  
- The acquisition includes core products such as ValueOne, FeeCheck, CommissionCheck, and SignalOne, along with advisory services and industry-wide surveys  
- PriceMetrix will now operate under Crisil Coalition Greenwich, Crisil’s benchmarking and analytics arm  

Strategic implications  

- Crisil aims to deepen its footprint in the wealth management space, targeting global banks, traditional wealth managers, and registered investment advisors  
- The acquisition strengthens Crisil’s position as a comprehensive provider of performance benchmarking and data-driven insights  
- McKinsey will continue to use PriceMetrix’s insights in its consulting engagements, maintaining a collaborative relationship post-acquisition  

Transition and outlook  

- All PriceMetrix employees will transition to Crisil, ensuring continuity and retention of domain expertise  
- The transaction is expected to close in the coming months, subject to regulatory approvals  
- Crisil’s CEO Amish Mehta highlighted the synergy between PriceMetrix’s data assets and Crisil’s analytics capabilities, promising enhanced value for clients globally  

Sources: PR Newswire, The Economic Times, BusinessWorld India