Asset manager · Laguna Beach, CA
WCM Investment Management
WCM Investment Management, LLC · SEC-registered investment adviser · CRD 104702 · SEC 801-11916
At a glance
WCM Investment Management is an SEC-registered investment adviser based in Laguna Beach, California, with $96.8 billion in regulatory assets under management as of its Form ADV filed August 31, 2026. Its largest client group by assets is investment companies, and it reports 5,711 individual clients. By Form ADV it is a asset manager, ranked 140th of 3,218 asset managers and 269th of 17,210 SEC-registered advisers by assets.
Main office 949-380-0200wcminvest.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $97B
- Rank among asset managers
- #140 of 3,218
- Rank among all SEC RIAs
- #269 of 17,210
- Rank in California
- #26 of 1,873
- Individual clients
- 5,711
- High-net-worth clients
- 1,720
- Accounts
- 6,728
- Discretionary
- 100% of AUM
- Employees
- 102
- Advisory staff
- 44
- Offices
- 3
Owners and executives on its Form ADV
- Paul R. BlackCo-Chief Executive Officer, Director/elected Manager
- Kurt R. WinrichChairman, Director/elected Manager
- Sloane W. PayneChief Operations Officer, Director/elected Manager
- Mike B. TriggCo-Chief Executive Officer, Director/elected Manager
- Don K. KuoDeputy Chief Operating Officer, Secretary
- David J. JoergerChief Compliance Officer
- Sanjay AyerDirector/elected Manager
Custody and brokerage
Broker-dealer
Hybrid RIA
WCM Investment Management is a hybrid RIA: 13 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed August 2026) names IMST Distributors as the broker-dealer its advisers are registered with.
Compensation for the Sales of Investment Products Some of WCM’s Supervised Persons are licensed as Registered Representatives with IMST Distributors, LLC, an independent broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 35 | $34B | 35% |
| Pooled investment vehicles | 128 | $23B | 24% |
| State or municipal government entities | 51 | $8.7B | 9% |
| Corporations or other businesses | 416 | $7.5B | 8% |
| Pension and profit sharing plans | 102 | $7.2B | 7% |
| High-net-worth individuals | 1,720 | $5.6B | 6% |
| Sovereign wealth funds and foreign official institutions | 3 | $5.4B | 6% |
| Charitable organizations | 286 | $3.1B | 3% |
| Individuals | 3,991 | $1.8B | 2% |
| Insurance companies | 3 | $463M | <1% |
Private funds
WCM Investment Management reports 15 private funds with $9.9B in gross assets: hedge funds, private equity funds, venture capital funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
WCM Investment Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗wcminvest.com ↗
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The full record on WCM Investment Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 221 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does WCM Investment Management manage?
WCM Investment Management reports $96.8 billion in regulatory assets under management across 6,728 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 31, 2026.
What kind of firm is WCM Investment Management?
WCM Investment Management is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are WCM Investment Management’s clients?
By assets, its largest client types are investment companies ($34.2 billion, 35 clients); pooled investment vehicles ($22.8 billion, 128 clients); state or municipal government entities ($8.7 billion, 51 clients).
Does WCM Investment Management manage private funds?
Yes. It reports 15 private funds with $9.9 billion in gross assets, including hedge funds, private equity funds, venture capital funds, other private funds.
Does WCM Investment Management have any disciplinary history?
WCM Investment Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is WCM Investment Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →