McKinsey & Co acquires PriceMetrix

McKinsey & Company has acquired PriceMetrix.

PriceMetrix says in a release on Wednesday that it will retain its management team, brand, and identity as it collaborates with McKinsey’s wealth and asset management practice.

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“The timing of this combination comes during a very exciting time in our industry. The wealth management marketplace, both in Canada and the U.S., is becoming increasingly complex, with new channels, shifting demographics, and profound regulatory changes,” PriceMetrix president Doug Trott says in a statement, adding that big data and analytics are becoming a vital part of wealth management business strategy.

“They have a tremendous brand, rooted in a relentless focus on delivering business impact through world-class problem solving,” he says of McKinsey.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.