(source : ANI) ( Photo Credit : ani)
Crisil, a key player under S&P Global, has snapped up McKinsey PriceMetrix Co., known simply as PriceMetrix. This Toronto-based company leads the way in performance benchmarking and data insights for the wealth management world. The deal boosts Crisil’s tools across the entire wealth management chain, blending PriceMetrix right into Crisil Coalition Greenwich (CCG). CCG already delivers top-notch benchmarking, analytics, and advice to financial services firms.
PriceMetrix works with major wealth managers in the U.S. and Canada. Its massive database tracks $8 trillion in assets under management and covers 30 million investment accounts, drawing from 25 years of solid data. The acquisition brings over key products like ValueOne for performance checks, FeeCheck and CommissionCheck for fee analysis, SignalOne for market signals, plus advisory services and in-depth surveys of North America’s wealth sector.
This move fits perfectly with Crisil’s push to grow in wealth management. It lets them offer better benchmarking to big global banks, classic wealth firms, and registered investment advisors (RIAs). “With this acquisition, Crisil solidifies its spot as a go-to for benchmarking and analytics in financial services,” said Amish Mehta, Crisil’s Managing Director and CEO. “PriceMetrix’s strong know-how in wealth management and its treasure trove of data nicely rounds out what we already do. Together, we’ll give clients sharper insights and real value worldwide.”
After the deal closes, PriceMetrix joins the CCG team, and its staff will move over to Crisil. McKinsey plans to keep tapping into PriceMetrix’s insights for their own client work. “PriceMetrix has been a vital part of our wealth and asset management efforts,” noted Jonathan Godsall, a senior partner and co-lead of McKinsey’s Global Wealth & Asset Management practice. “We’re thrilled to have built this top-tier capability with such a great team, and we’re excited for what’s next under Crisil’s guidance.”
The acquisition should wrap up in the next few months, once standard conditions are met.
Crisil stands out as a global analytics firm, using deep expertise to help clients make bold decisions on risks and opportunities. Headquartered in India and mostly owned by S&P Global, it started in 1987 as the country’s first credit rating agency. Today, its reach spans ratings, market intelligence, CCG, and more, with teams across the Americas, Asia-Pacific, Europe, Australia, and the Middle East.
CCG focuses on strategic benchmarking, analytics, and insights tailored for financial services, helping firms track and improve their performance with actionable info. For more on Crisil, check out crisil.com.
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