Crisil Acquires Analytics Provider McKinsey PriceMetrix

Analytics company Crisil Ltd. announced Wednesday that it acquired McKinsey PriceMetrix Co., a financial benchmarking and analytics provider for U.S. and Canadian wealth management firms.

Toronto-based PriceMetrix will be integrated with Crisil Coalition Greenwich, and PriceMetrix employees will transition to Crisil. The acquisition includes company products such as ValueOne, FeeCheck, CommissionCheck, SignalOne, advisory services and wealth management sector surveys.

PriceMetrix’s proprietary database covers $8 trillion in assets under management and 30 million investment accounts, backed by 25 years of data, according to the firm.

Crisil plans to scale its business in wealth management and extend sector benchmarking capabilities to large global banks, traditional wealth managers and registered investment advisers, according to the announcement.

The transaction is expected to be completed over the coming months, pending customary closing conditions, the firms stated in the deal announcement.