Wilshire Associates Incorporated (Santa Monica)

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.

Wilshire Associates Incorporated: assets under management

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 firm manages $60.48 billion in discretionary accounts and $303.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $303.39 million.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio.

Fees & Commissions

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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joshua Moses Emanuel serves?

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.

Careers at Wilshire Associates Incorporated

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.

Direct owners and executive officers

Based in Santa Monica

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.

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