Articles from Wilshire Advisors LLC

Wilshire Advisors LLC (“Wilshire”) a leading global financial services firm, today announced the appointment of Jason Schwarz to Chief Executive Officer, effective immediately. He succeeds current CEO, Andy Stewart, who will assume the role of Executive Chairman and continue to provide strategic guidance and support to the executive team, focusing on long-term vision, M&A, and growth initiatives.

Wilshire Advisors LLC (“Wilshire”), a leading global financial services firm, today announced that it has joined forces with XTP Implementation Services (“XTP”), a tech-enabled and data-driven specialist focused on improving transparency, reducing risk, enhancing investment governance, and increasing net returns for institutional investors globally. Through this partnership, which was effectuated by an acquisition of XTP by Wilshire, with simultaneous reinvestment in Wilshire by former XTP shareholders, XTP will continue to operate independently under its existing leadership team and brand. Financial terms of the transaction were not disclosed.

Institutional assets tracked by Wilshire Trust Universe Comparison Service® (Wilshire TUCS®) posted an all-plan median return of 3.96 percent for the fourth quarter and 13.33 percent for the year ending December 31, 2021. Wilshire TUCS, a cooperative effort between Wilshire and custodial organizations, is widely considered the definitive benchmark for U.S. institutional plan assets performance and allocation.

As part of a continued effort to create opportunities for diverse owned asset management firms, Wilshire released a report today outlining the 2020 results of its ongoing Diverse Owned Manager Initiative. The report highlights progress, opportunities for improvement and key lessons associated with increasing access to institutional investment mandates to promote industry diversity, equity and inclusivity.