Wilshire Advisors LLC announced the acquisition of ParkLexington Advisors LLC, a data and analytics firm that specializes in improving the profitability and performance of investment managers.
The acquisition will build upon Wilshire’s existing data, technology and fee optimization for asset owners that were previously brought in-house through its 2024 acquisition of XTP Implementation Services.
“ParkLexington’s ability to help investment managers unlock opportunities to drive operational alpha is unique in the industry,” said Jason Schwarz, Wilshire’s CEO, in a statement. “The proprietary data and dynamic analytics the company has developed and tailored for asset managers is an ideal complement to Wilshire’s existing cost analytics capabilities for asset owners.”
ParkLexington, founded in 2011, leverages its proprietary data and benchmarking to identify cost-saving opportunities for its clients, according to the announcement.
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“For over a decade, we have helped some of the largest asset managers in the world uncover hidden sources of performance and profitability by analyzing and benchmarking transaction costs, expenses, and inefficiencies across the investment management value chain,” said John Detweiler, ParkLexington’s founder and managing partner, in a statement.
Wilshire advises on $1.4 trillion in assets for clients and managed $120 billion, as of March 31.
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Tags: Jason Schwarz, Wilshire
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