WTW announces strategic acquisition of FlowStone Partners, enhancing its Wealth offerings 

Rhea-AI Summary

WTW (NASDAQ: WTW) announced on Dec 1, 2025 the acquisition of FlowStone Partners, an alternative investment firm focused on private equity secondaries for individual wealth and institutional clients.

The deal is intended to expand access to private markets for individual investors and strengthen WTW’s private markets capabilities, combining FlowStone’s secondaries expertise with WTW’s global scale, research and analytics. The transaction requires shareholder approval of FlowStone’s managed fund and its independent trustee board and other customary closing conditions, with completion expected by early 2026.

Positive

• Expands private equity secondaries access for individual wealth investors
• Enhances WTW private markets capabilities and analytics
• Combines FlowStone expertise with WTW global distribution

Negative

• Transaction subject to FlowStone fund shareholder and trustee approval

News Market Reaction – WTW

-0.07%

1 alert

-0.07% News Effect

On the day this news was published, WTW declined 0.07%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Share price: $325.58 Daily move: -2.24% Today’s volume: 992,292 shares +5 more

8 metrics

Share price $325.58 Pre-news price on 52-week range $292.9701–$352.785

Daily move -2.24% Price change over prior 24 hours before this article

Today’s volume 992,292 shares Versus 20-day average volume of 692,657 shares

52-week high $352.785 Pre-news high in prior 52 weeks

52-week low $292.9701 Pre-news low in prior 52 weeks

Dividend per share $0.92 Regular quarterly cash dividend for quarter ended Sep 30, 2025

Newfront deal value $1.3 billion Total consideration for Newfront acquisition announced Dec 10, 2025

Short interest 2.87% of float Short interest level from risk context

Market Reality Check

Price: $296.84 Vol: Volume 992,292 vs 20-day ...

normal vol

$296.84 Last Close

Volume Volume 992,292 vs 20-day average 692,657 (relative volume 1.43). normal

Technical Price 325.58 trading below 200-day MA at 321.35 per provided data.

Peers on Argus

WTW was down 2.24% while key peers BRO, AON, AJG, MMC, and ERIE showed positive ...

WTW was down 2.24% while key peers BRO, AON, AJG, MMC, and ERIE showed positive moves between 0.95% and 2.25%, indicating stock-specific weakness versus generally firmer peers.

Common Catalyst On the same day, AON had conference-related news and MMC announced an acquisition, pointing to mixed, company‑specific headlines across the broker group.

Historical Context

5 past events · Latest: Dec 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	Strategic acquisition	Positive	-2.2%	Agreed to acquire UK fintech Cushon to strengthen DC master trust position.
Dec 10	Major acquisition	Positive	-2.2%	Agreed to acquire Newfront for $1.3B with synergy and EPS impact targets.
Dec 04	Product launch	Positive	+1.0%	Launched Radar Fusion, a cloud-native underwriting and analytics solution.
Dec 03	Dividend declaration	Positive	+1.0%	Announced regular quarterly cash dividend of $0.92 per share.
Dec 01	Wealth acquisition	Positive	-0.1%	Announced acquisition of FlowStone Partners to enhance private equity access.

Pattern Detected

Recent acquisitions and capital return/news items have often seen muted or negative immediate reactions, including several acquisition announcements with negative next‑day moves.

Recent Company History

Over the last weeks, WTW has been active on strategic and product fronts. It announced the FlowStone acquisition on Dec 1, 2025, aimed at expanding private markets access, with a -0.07% next‑day move. A regular quarterly dividend of $0.92 per share and the Radar Fusion underwriting launch both coincided with 0.99% gains. Larger acquisitions of Newfront and UK fintech Cushon, with detailed cash, equity, and synergy expectations, each saw shares down 2.24% the following day, suggesting cautious reactions to sizeable M&A.

Market Pulse Summary

This announcement extends WTW’s build-out of private markets and Wealth capabilities by adding FlowS...

Analysis

This announcement extends WTW’s build-out of private markets and Wealth capabilities by adding FlowStone’s private equity secondaries expertise. Together with other recent acquisitions and the launch of Radar Fusion, it underscores a strategy focused on technology, alternative investments, and retirement solutions. The deal remains subject to FlowStone fund shareholder and trustee approvals, with completion targeted by early 2026. Investors may watch for closing progress, integration updates, and how these platforms contribute to growth and capital allocation alongside the regular $0.92 dividend.

Key Terms

alternative investment, private equity secondaries, private markets, discretionary, +2 more

6 terms

alternative investment financial

"FlowStone Partners, LLC, an alternative investment firm with highly specialized..."

Assets and strategies outside traditional stocks, bonds and cash, such as real estate, private equity, hedge funds, commodities, art and certain digital assets; they often have different ways of making money and different rules for buying and selling. Investors use them to change how a portfolio behaves—like adding spices to a meal to alter the flavor—because they can reduce overall risk or boost returns, but they may be harder to sell, cost more, and carry unique risks.

private equity secondaries financial

"expertise in private equity secondaries for individual wealth and institutional..."

A market where existing ownership stakes in privately held companies or positions in private equity funds are bought and sold between investors after the original deal is made, like a resale market for houses rather than new builds. It matters to investors because it provides a way to convert hard-to-sell, long-term holdings into cash, creates a transparent price signal for private assets, and lets investors adjust risk and returns without waiting for a company sale or fund wind-up.

private markets financial

"bring leading private markets investment capabilities and innovation to..."

Private markets are places where investors buy and sell ownership in companies, debt, or assets that are not listed on public stock exchanges — think direct stakes in a start-up, private company, real estate project, or loan. They matter to investors because these deals can offer higher potential returns and diversification but come with less transparency, limited ability to sell quickly, and more uncertainty, like owning a whole house versus trading shares of a real estate fund.

discretionary financial

"WTW’s global scale in discretionary and non-discretionary investment management..."

Discretionary describes money, choices, or expenses that are optional rather than required—like the extra cash you might spend on dining out, travel, or luxury items instead of rent or groceries. For investors it signals sensitivity to consumer moods and economic cycles: discretionary sales and profits tend to rise in good times and fall in downturns, so companies or budgets labeled discretionary can be more volatile and harder to predict.

non-discretionary investment management financial

"global scale in discretionary and non-discretionary investment management and..."

An arrangement in which a professional investment manager provides advice and trade recommendations but can only buy, sell or rebalance after the client gives explicit permission. It matters to investors because it preserves direct control—like choosing each turn on a road trip—so clients avoid unwanted positions but may miss fast market opportunities, face slower execution and potentially higher administrative costs or tax timing consequences.

trustee board regulatory

"subject to the approval of the shareholders of FlowStone’s managed fund and the fund’s independent trustee board..."

A trustee board is a group of independent people legally charged with overseeing a trust, pension, foundation or pooled assets on behalf of beneficiaries or stakeholders. They set policy, monitor managers, approve major decisions and ensure assets are handled according to the trust’s rules and the law — like a neighborhood committee that safeguards shared money and makes sure it’s used as promised. Investors care because the trustee board’s decisions shape risk, returns and the quality of information they receive.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory and solutions company, today announced the acquisition of FlowStone Partners, LLC, an alternative investment firm with highly specialized expertise in private equity secondaries for individual wealth and institutional clients. This acquisition will expand innovative, high-quality access to private equity for individual wealth investors, while enhancing WTW’s ability to bring leading private markets investment capabilities and innovation to institutional clients.  

“We are excited to expand the opportunity set for both institutional and individual wealth investors, pairing FlowStone’s seasoned expertise in secondaries investing with WTW’s global scale, sourcing network and research engine. The acquisition meaningfully expands WTW’s ability to serve clients’ evolving needs and deliver differentiated private market solutions. This is a bold venture in the future of private equity secondaries investing,” said Diya Luke, global head of Investments, WTW.  

"By unlocking access to high-quality, private markets through liquid, accessible structures, this acquisition strengthens our ability to deliver best-in-class solutions for individual and institutional investors alike - helping more people achieve stronger long-term outcomes,” said Nimisha Srivastava, head of Investments, North America, WTW. 

“Combining FlowStone’s deep expertise in private equity secondaries with WTW’s global scale in discretionary and non-discretionary investment management and retirement planning creates a powerful platform positioned to meet the evolving needs of investors across these growing markets. We’re excited to bring our experience, relationships, and proven track record to WTW’s expanding suite of alternative investment solutions,” said Scott Conners, President of FlowStone Partners.  

“WTW’s deep investment research capabilities, advanced analytics, and commitment to innovation will help our investors stay ahead of the curve as new solutions expand access to the benefits of private markets,” added Michael Carrano, Managing Director and Investment Committee Member of FlowStone Partners. 

The transaction is subject to the approval of the shareholders of FlowStone’s managed fund and the fund’s independent trustee board, as well as other customary closing conditions. We expect to complete these steps by early 2026. 

About WTW Investments 

WTW’s Investments business is focused on creating financial value for end investors through its expertise in risk assessment, strategic asset allocation, fiduciary management and investment manager selection. It has over 900 colleagues worldwide, more than 1,000 investment clients globally, assets under advisory of over US$4.7 trillion and US$178.8 billion of assets under management.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. 

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. 

Learn more at wtwco.com. 

About FlowStone Partners 

FlowStone Partners is a premier alternative investment firm specializing in private equity secondaries investing, delivering innovative portfolio construction, risk management, and client solutions. FlowStone is respected for its entrepreneurial spirit, commitment to excellence, and a collaborative approach to client success. 

WTW Forward Looking Statements  

We have included in this document ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts, that address activities, events or developments that we expect or anticipate may occur in the future, including such things as: our outlook; the potential impact of natural or man-made disasters like health pandemics and other world health crises; future capital expenditures; ongoing working capital efforts; future share repurchases; financial results (including our revenue, costs or margins) and the impact of changes to tax laws on our financial results; existing and evolving business strategies including those related to acquisition and disposition; demand for our services and competitive strengths; strategic goals; the benefits of new initiatives; growth of our business and operations; the sustained health of our product, service, transaction, client, and talent assessment and management pipelines; our ability to successfully manage ongoing leadership, organizational and technology changes, including investments in improving systems and processes; our ability to implement and realize anticipated benefits of any cost-savings initiatives generated from our now-completed multi-year operational transformation program or other expense savings initiatives; our recognition of future impairment charges; and plans and references to future successes, including our future financial and operating results, short-term and long-term financial goals, plans, objectives, expectations and intentions, including with respect to free cash flow generation, adjusted net revenue, adjusted operating margin and adjusted earnings per share, are forward-looking statements. Also, when we use words such as ‘may’, ‘will’, ‘would’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘continues’, ‘seek’, ‘target’, ‘goal’, ‘focus’, ‘probably’, or similar expressions, we are making forward-looking statements. Such statements are based upon the current beliefs and expectations of WTW’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. All forward-looking disclosure is speculative by its nature. 

Media Contacts  

WTW:  

Ileana Feoli: +1 212 309 5504 
Ileana.feoli@wtwco.com  

FlowStone Partners:

Investor Relations 
Mark Phillip, Managing Director 
mphillip@flowstonepartners.com 
312-429-2489 

Media Contact 
Chris Sullivan 
chris@craftandcapital.com 
(917) 902-0617 

FAQ

What did WTW announce on December 1, 2025 regarding FlowStone Partners (WTW)?

WTW announced the acquisition of FlowStone Partners, a firm focused on private equity secondaries for individual and institutional clients.

How will the FlowStone acquisition affect WTW’s private markets offerings (WTW)?

The acquisition is intended to expand access to private equity secondaries and strengthen WTW’s private markets investment capabilities and analytics.

When is WTW expected to complete the FlowStone Partners acquisition (WTW)?

WTW expects to complete required approvals and customary closing conditions by early 2026.

What approvals are required for the FlowStone Partners deal involving WTW?

The transaction requires approval by FlowStone’s managed fund shareholders and the fund’s independent trustee board, plus other customary closing conditions.

What does FlowStone Partners specialize in and why does WTW want it (WTW)?

FlowStone specializes in private equity secondaries; WTW aims to combine that expertise with its global scale to broaden private markets access for investors.