Wilshire maintains an Average Parent rating as the firm continues to execute on strategic changes under private equity ownership.
Since Motive Partners and CC Capital acquired Wilshire in 2021, the firm has refocused its strategic direction. After an early emphasis on index expansion failed, the firm turned to growth through acquisitions that deepen its consulting and institutional roots. Wilshire's two most recent purchases—XTP in 2024 and ParkLexington in 2025—broadened its consulting business through cost analytics services for asset owners and managers. The firm’s 2023 acquisition of Lyxor’s US business from Lyxor parent Amundi expanded Wilshire’s alternatives managed account capabilities for institutional clients and brought roughly USD 20 billion in assets under management. With a strong US equity market as a tailwind over the past five years, Wilshire has grown considerably, with AUM expanding to roughly USD 148 billion from USD 96 billion at the end of 2021.
At the same time, the firm is expanding further into the wealth and retirement channels. As one of the largest players in the model portfolio space, Wilshire is actively developing model portfolio solutions with alternatives exposure and already manages two recently launched interval funds, which accept investments daily but offer redemptions only quarterly, covering private assets and infrastructure. Longtime Wilshire veterans continue to lead both strategy and investment efforts, with Jason Schwarz being elevated to CEO in 2025 and senior investment personnel across allocation and manager research remaining consistent since 2021. Even so, Wilshire is operating across a wider set of business lines than it was five years ago, and the success of its newer wealth, retirement, and alternatives offerings amid growing competition and strong incumbents will be an important indicator of the firm’s investor-centricity as it expands.
Note: This share class' Parent Pillar rating is analyst-driven, as its Branding Name, Wilshire (Branding Name ID: BN00000AD7), is covered by Morningstar Manager Research.
United States