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WCM Investment Management

SEC-registered adviser since 1976Laguna Beach, CACRD 104702

$96.8B
AUM
6,735
Clients
See fees
Fee
44
Advisory staff

From Form ADV filed 31 August 2026 · data retrieved 15 October 2026SEC record

WCM Investment Management is an investment adviser headquartered in Laguna Beach, California, and registered with the SEC since 1976. Its clients include investment companies, pooled investment vehicles and state or municipal government entities. High-net-worth individuals account for 6% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. Thalia Street Partners LLC owns 75% or more of WCM Investment Management, and Paul Black is its CEO.

Clients

WCM Investment Management serves 6,735 clients, 1,720 of them high-net-worth individuals. The average client has about $14 million with the firm, and high-net-worth clients hold 6% of its $96.8 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals1,720 clients6%
  • Investment companies35 clients35%
  • Pooled investment vehicles128 clients24%
  • Pension and profit-sharing plans102 clients7%
  • Charitable organizations286 clients3%
  • OtherState or municipal government entities, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Individuals, Insurance companies25%
Show client breakdown
Individuals (other than HNW)
Clients
3,991
Regulatory AUM
$1,842,491,710
Share
1.9%
Avg. per client
$462K
High-net-worth individuals
Clients
1,720
Regulatory AUM
$5,593,430,329
Share
5.8%
Avg. per client
$3.25M
Investment companies
Clients
35
Regulatory AUM
$34,150,535,099
Share
35.3%
Avg. per client
$975.7M
Pooled investment vehicles
Clients
128
Regulatory AUM
$22,783,615,736
Share
23.5%
Avg. per client
$178.0M
Pension and profit-sharing plans
Clients
102
Regulatory AUM
$7,204,063,040
Share
7.4%
Avg. per client
$70.6M
Charitable organizations
Clients
286
Regulatory AUM
$3,050,575,133
Share
3.2%
Avg. per client
$10.7M
State or municipal government entities
Clients
51
Regulatory AUM
$8,728,904,631
Share
9.0%
Avg. per client
$171.2M
Insurance companies
Clients
3
Regulatory AUM
$462,707,659
Share
0.5%
Avg. per client
$154.2M
Sovereign wealth funds and foreign official institutions
Clients
3
Regulatory AUM
$5,417,927,429
Share
5.6%
Avg. per client
$1.81B
Corporations and other businesses
Clients
416
Regulatory AUM
$7,538,348,586
Share
7.8%
Avg. per client
$18.1M

Total

Clients
6,735
Regulatory AUM
$96,772,599,352
Share
100%
Avg. per client
$14.4M

What it does

WCM Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets and performance-based fees.

WCM Investment Management advises 15 private funds.

100.0% of assets ($96.77B across 6,728 accounts) are managed with discretion. $7.38B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 28 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks97%
  • Cash3%

Custodians

WCM Investment Management’s client accounts are held mainly at J.P. Morgan, with 6% of managed assets. WCM Investment Management has custody of $9.96M for 27 clients.

Managed account assets by custodian
  • J.P. MorganJP Morgan Chase & Co. · New York, NY · $5.46B6%
  • All other custodians$91.32B94%

Ownership and leadership

Thalia Street Partners LLC owns 75% or more of WCM Investment Management, and Paul Black is its CEO.

Who owns the firm
WCM Investment Management, LLC· the adviser

  • Thalia Street Partners LLC

    Control person · since June 2018

    Owns 75% or more of WCM Investment Management, LLC

  • Natixis Investment Managers, LLC

    since January 2024

    Owns 10% to 25% of WCM Investment Management, LLC

Leadership

  • Paul Black
    Co-Chief Executive Officer, Director/Elected Manager
  • Mike Trigg
    Co-Chief Executive Officer, Director/Elected Manager
  • Don Kuo
    Deputy Chief Operating Officer, Secretary
  • David Joerger
    Chief Compliance Officer
  • Sanjay Ayer
    Director/Elected Manager
  • Sloane Payne
    Chief Operations Officer, Director/Elected Manager
  • Kurt Winrich
    Chairman, Director/Elected Manager

Staff

  • 102 employees
  • 44 in advisory functions
  • 9 state-registered reps
  • 13 broker-dealer reps
  • 4 soliciting firms

Reported holdings

WCM Investment Management’s reported 13F holdings total $55.16B across 266 positions, and the ten largest make up 45.7% of it.

$55.16B
Reported 13F value
266
Positions
45.7%
In the 10 largest
+25.9%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Seagate Technology Hldngs PL9.3%
  2. Taiwan Semiconductor Manufac · Sponsored ADS7.6%
  3. Sea Ltd · Sponsord ADS5.7%
  4. ASML Hldg NV · N Y Registry Shs4.9%
  5. Philip Morris Intl Inc.3.4%
  6. Applovin Corp. · Com CL A3.4%
  7. Linde PLC3.0%
  8. Amazon Com Inc.2.8%
  9. Corning Inc.2.8%
  10. Icici Bank Limited · ADR2.7%

Together, the ten largest are 45.7% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $55.16B is not its $96.77B in regulatory assets and does not represent any individual client's portfolio.

Fees

WCM Investment Management is paid through a percentage of assets under management and performance-based fees.

WCM Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, WCM Investment Management has 2 offices, with 3 listed addresses across 3 states.

Listed office addresses by state

California · 1 listed address

  • 281 Brooks Street, Laguna BeachHQ

Registration details

Legal name
WCM Investment Management, LLC
Headquarters
281 Brooks Street, Laguna Beach, CA 92651-2974
Phone
949-380-0200
Website
www.wcminvest.com
SEC file
801-11916
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does WCM Investment Management have?

WCM Investment Management has 6,735 clients and manages $96.8 billion for them, as of August 2026. They include 3,991 other individuals, 1,720 high-net-worth individuals and 416 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026

What services does WCM Investment Management offer?

WCM Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does WCM Investment Management use?

WCM Investment Management’s separately managed account assets are held at JP Morgan Chase & Co. (New York, NY), with $5,455,856,375. 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 August 2026

How many financial advisors does WCM Investment Management have?

WCM Investment Management has 9 investment adviser representatives registered with state securities authorities, out of 102 employees, and 44 perform investment advisory functions. 13 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does WCM Investment Management invest in?

At the end of its last fiscal year, WCM Investment Management’s separately managed accounts held 97% exchange-traded equities and 3% cash and equivalents. It advises 15 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns WCM Investment Management?

WCM Investment Management is owned through a chain of holding companies by Paul Black, Kurt Winrich and Bpce. Its direct owners are Thalia Street Partners LLC (75% or more) and Natixis Investment Managers, LLC (10% to 25%).

Source: Form ADV Part 1A, Schedules A and B, filed 31 August 2026

How does WCM Investment Management get paid?

WCM Investment Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 31 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 104702.
  3. Form 13F-HR, filed 13 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with WCM Investment Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.