Wbi Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, publishing newsletters, market timing, and educational seminars.
Wbi Investments reports 796 clients. They include 701 individual clients, 58 high-net-worth individuals and 26 other clients. Of its assets, 100.0% ($540M across 1,533 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 88% | 27% |
| High-net-worth individuals | 7% | 24% |
| Investment companies | <1% | 26% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | <1% | <1% |
| Other client typesCharitable organizations; Corporations and other businesses; Other | 4% | 22% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 701 | $147M | 27.2% | $209K |
| High-net-worth individuals | 58 | $130M | 24.2% | $2.25M |
| Investment companies | 1 | $141M | 26.0% | $141M |
| Pooled investment vehicles | 1 | $160K | 0.0% | $160K |
| Pension and profit-sharing plans | 2 | $2.89M | 0.5% | $1.45M |
| Charitable organizations | 4 | $1.27M | 0.2% | $317K |
| Corporations and other businesses | 3 | $2.8M | 0.5% | $934K |
| Other | 26 | $115M | 21.3% | $4.41M |
| Total | 796 | $540M | 100% | $678K |
- Clients
- 701
- Regulatory AUM
- $147M
- AUM share
- 27.2%
- Avg. per client
- $209K
- Clients
- 58
- Regulatory AUM
- $130M
- AUM share
- 24.2%
- Avg. per client
- $2.25M
- Clients
- 1
- Regulatory AUM
- $141M
- AUM share
- 26.0%
- Avg. per client
- $141M
- Clients
- 1
- Regulatory AUM
- $160K
- AUM share
- 0.0%
- Avg. per client
- $160K
- Clients
- 2
- Regulatory AUM
- $2.89M
- AUM share
- 0.5%
- Avg. per client
- $1.45M
- Clients
- 4
- Regulatory AUM
- $1.27M
- AUM share
- 0.2%
- Avg. per client
- $317K
- Clients
- 3
- Regulatory AUM
- $2.8M
- AUM share
- 0.5%
- Avg. per client
- $934K
- Clients
- 26
- Regulatory AUM
- $115M
- AUM share
- 21.3%
- Avg. per client
- $4.41M
Total
- Clients
- 796
- Regulatory AUM
- $540M
- AUM share
- 100%
- Avg. per client
- $678K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Wbi Investments is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Wbi Tech Holdings, LLC owns 75% or more of Wbi Investments and is in turn owned by Wbi Holdco, Inc. (75% or more). It has 13 employees, 5 of them in advisory roles.
Leadership
- Eric HedenburgChief Technology Officer
- Donald SchreiberCo-CEO, Co-CIO, Co-Portfolio Manager, CCO, and Treasurer
- Ann SchreiberSecretary, Chief Administrative Officer
- Matthew SchreiberCo-CEO, Co-CIO, and Co-Portfolio Manager
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- William T. Gerics
- Robert Daniel Morgan
- Donald Robert Schreiber
- Matthew Earl Schreiber
- Jason Thostesen
Staff
- 13 employees
- 5 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- 20 soliciting firms
- Owns 75% or more of Wbi Investments, LLC
Wbi Tech Holdings, LLC
Control person · since June 2023
- Owns 75% or more of Wbi Tech Holdings, LLC
Wbi Holdco, Inc.
Control person · since June 2023
- Owns 75% or more of Wbi Holdco, Inc.
Donald Schreiber
Control person · since June 2023
Wbi Investments’ regulatory assets went from $538M (May 2021) to $540M (March 2026); clients fell from 1,618 to 796 and employees from 26 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $540M | 796 | 13 | 1 |
| May 2025 | $553M | 764 | 13 | 1 |
| July 2024 | $527M | 916 | 19 | 1 |
| March 2023 | $582M | 1,042 | 22 | 1 |
| March 2022 | $663M | 1,003 | 23 | 1 |
| May 2021 | $538M | 1,618 | 26 | 1 |
Besides its headquarters, Wbi Investments has 0 offices, with 1 listed address in New Jersey.
New Jersey · 1 listed address
- One River Centre - 331 Newman Springs Road, Suite 143, Red BankHQ
Contact and registration details
- Legal name
- Wbi Investments, LLC
- Headquarters
- One River Centre - 331 Newman Springs Road, Suite 143, Red Bank, NJ 07701
- Website
- Not reported
- Phone
- 732-842-4920
- @wbi-investments
- SEC file
- 801-22873
- Structure
- Delaware LLC
- Fiscal year end
- December
Wbi Investments uses Pershing ($246M, 88%) and Wells Fargo Clearing Services ($32.7M, 12%) as custodians for its separately managed accounts. Wbi Investments does not have custody of client assets.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $32.7M12%
- PershingPershing LLC · Jersey City, NJ · $246M88%
At year end, Wbi Investments’ separately managed accounts were mostly in stocks (51%) and funds (44%). Its reported 13F holdings for the quarter ended 30 June 2026 total $403M across 286 positions; the largest are Absolute Shs TR (7.5%), Absolute Shs TR (5.3%) and Absolute Shs TR (4.4%).
What the accounts hold
- Stocks51%
- Funds44%
- Cash4%
- Other1%
- Variable annuities1%
Reported 13F holdings
- $403M
- Reported 13F value
- 286
- Positions
- 29.3%
- In the 10 largest
- +11.3%
- Value vs. prior quarter
- Absolute Shs TR · Wbi Pwr Factor7.5%
- Absolute Shs TR · Wbi Bbr Qty 30005.3%
- Absolute Shs TR · Wbi Bbr Yld 30004.4%
- Absolute Shs TR · Wbi Bbr Val 30004.0%
- Vaneck ETF Trust · Fable Semic ETF1.8%
- Franklin Templeton Holdings · Respbly Srcd Gld1.6%
- Schwab Strategic TR · US Brd Mkt ETF1.2%
- SPDR Series Trust · ST Str PR Sp15001.2%
- Vaneck ETF Trust · Semiconductr ETF1.2%
- Global X Fds · Adaptive US Risk1.1%
Together, the ten largest are 29.3% of reported value.
How many clients does Wbi Investments have?
Wbi Investments has 796 clients and manages $540 million for them, as of March 2026. They include 701 individual clients, 58 high-net-worth individuals and 26 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Wbi Investments offer?
Wbi Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, publishing newsletters, market timing, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Wbi Investments use?
Wbi Investments’ separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $246M and Wells Fargo Clearing Services, LLC (St. Louis, MO), with $32.7M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Wbi Investments have?
Wbi Investments has 2 investment adviser representatives registered with state securities authorities, out of 13 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Wbi Investments invest in?
At the end of its last fiscal year, Wbi Investments’ separately managed accounts held 51% exchange-traded equities, 44% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents and 1% other. The 1% other category is described as: Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wbi Investments?
Wbi Investments is owned through a chain of holding companies by Donald Schreiber. Its direct owner is Wbi Tech Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Wbi Investments get paid?
Wbi Investments is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Wbi Investments?
Wbi Investments’ main office is at One River Centre - 331 Newman Springs Road, Suite 143, Red Bank, NJ 07701. Its phone number is 732-842-4920.