Wilshire Associates Incorporated is a large advisory firm based in Santa Monica. It manages $60.78 billion of regulatory assets for 267,523 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 44 other states.
Wilshire Associates Incorporated provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment technology (computerized research) services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wilshire Associates Incorporated is $60.78 billion. The firm's AUM has grown by 759% since the beginning of its operation, and $2.12 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wilshire Associates Incorporated for their services and products based on a percentage of assets under management, subscription fees, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, other investment advisers, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Joshua Moses Emanuel is individuals with 238,559 clients and $30.15 billion of assets under management. Among the 8 most similar advisory firms, Wilshire Associates Incorporated has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $60.78 billion for 267,542 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Wilshire Associates Incorporated also advises several private funds. Namely, seventeen hedge funds, five other private funds, and forty six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 270 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joshua Moses Emanuel has been acting as President since 1 Aug 2016. William Eric Van Eesteren joined the executive team most recently as the Director.
The principal office where Wilshire Associates Incorporated performs its advisory services is located at 1299 Ocean Avenue Suite 700, Santa Monica, CA 90401 1085, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-451-3051. The normal business hours are 8 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wilshire.com.