PriceMetrix Joins McKinsey & Company

September 7, 2016 – Toronto, ON – PriceMetrix, an industry leader in practice management analytics software today announced its acquisition by McKinsey & Company, the most respected name in management consulting.

While working in close collaboration with McKinsey’s Wealth and Asset Management Practice, PriceMetrix will retain its management team, brand, and identity. It will continue to develop and deliver SaaS analytics products, and invest in new ones. PriceMetrix’s clients will benefit from the scale and capabilities of other McKinsey solutions, and will be able to access their expertise and extensive knowledge of the financial services industry.

McKinsey’s tremendous brand is rooted in a relentless focus on delivering business impact through world-class problem solving. A global organization with 20,000 colleagues operating in over 60 countries, McKinsey brings significant advanced analytics capabilities, and a steadfast belief in the power of big data to transform organizations and fundamentally change the way leaders make decisions. And they are increasingly invested in offering leading-edge analytics solutions for their clients – ones that deliver ongoing value.

The timing of this combination comes during a very exciting time in the wealth management 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. The need for data driven solutions to help address these challenges is heightening. Combined, McKinsey and PriceMetrix will be perfectly positioned to help clients solve complex problems. McKinsey’s acquisition of PriceMetrix is a clear indication that ‘big data’ and analytics are becoming a vital part of today’s wealth management business strategy.

Onur Erzan, senior partner and co-leader of McKinsey’s Wealth & Asset Management Practice in the Americas, said: ‘We are delighted to welcome the PriceMetrix team to the firm. PriceMetrix is a powerful platform for wealth managers and retail broker dealers and complements our existing expertise and solutions.’

Jill Zucker, partner, and leader of the Wealth Management Practice in North America added: ‘We are so excited by this acquisition. Our joint expertise will enhance our client offering, giving clients new ways of making decisions, implementing strategies, and converting knowledge to action.’

Doug Trott, President and co-founder of PriceMetrix, said: ‘We are committed to enabling clients’ success through data and technology. Combining PriceMetrix’s data, analytics, and tools, with McKinsey’s extensive industry expertise, complementary solutions, and global reach will help wealth management firms develop and execute effective strategies.’

The transaction will bring together two experienced teams and their combined knowledge, capabilities, and proprietary intellectual capital to provide comprehensive and distinctive advice to wealth managers.

For more information, or to arrange an interview please contact
Steffi Langner, on, +1 212 446 7845
James Thompson, on, + 44 7812 982 801
or email, +1 212 415 1971

About McKinsey & Company

McKinsey & Company is a global management consulting firm, deeply committed to helping institutions in the private, public and social sectors achieve lasting success. For 90 years, our primary objective has been to serve as our clients’ most trusted external advisor. With consultants in over 110 locations in over 60 countries, across industries and functions, we bring unparalleled expertise to clients anywhere in the world. We work closely with teams at all levels of an organization to shape winning strategies, mobilize for change, build capabilities and drive successful execution.

McKinsey’s Wealth & Asset Management team serves asset managers, wealth management companies and retirement firms globally on issues of strategy, organization, operations and business performance.

About PriceMetrix

PriceMetrix is a premier choice in practice management analytics solutions for wealth management firms. Our solutions and data help financial professionals build great client relationships and great businesses. Powering our solutions is the most insightful and granular retail wealth management database available today, with aggregated data representing 10 million investors, 500 million transactions, and over $5 trillion in investment assets. PriceMetrix has been serving a notable range of retail wealth management firms from their offices in Toronto, Canada since 2000.