Wilshire

Wilshire provides market indexes, investment analytics and advisory services to institutional investors, financial advisors and intermediaries such as broker-dealers. It is also an investment manager and outsourced CIO, and the company says it advises on more than $1.6 trillion in assets.

For wealth firms, the parts that work like technology products are its data and analytics. Compass holds records on more than 40,000 funds, strategies and indexes, with performance history, manager profiles and holdings data. Peer-universe comparisons of institutional plan performance come through the Wilshire Trust Universe Comparison Service (TUCS). Its analytics page still lists risk models, attribution and GIPS reporting, but in 2024 Clearwater Analytics bought Wilshire's risk and performance analytics, which now form the Clearwater Wilshire Analytics platform. Its index family includes the FT Wilshire 5000, run with the Financial Times. Wilshire Managed Portfolios offers advisors asset allocation, ETF, liquid alternatives, fixed income and ESG model portfolios through third-party platforms including Envestnet, Orion, Morningstar's model marketplace and Adhesion Wealth.

Wilshire was founded in 1972 in Santa Monica, California, and began offering model portfolios to broker-dealers and recordkeepers in 2008. In 2021 it was bought by CC Capital Partners and Motive Partners, both private equity investors, and Mark Makepeace, a founder of FTSE Russell, became chief executive. Its institutional consulting and fund products sit alongside these tools.