Wharton Business Group provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 51–100 clients last fiscal year.
Wharton Business Group reports 119 clients. They include 78 high-net-worth individuals, 22 individual clients and 19 charitable organizations. Of its assets, 90.7% ($4.14B across 308 accounts) are managed with discretion; $425M across 29 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 18% | <1% |
| High-net-worth individuals | 66% | 81% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | 16% | 14% |
| Corporations and other businesses | Fewer than 5 | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 22 | $9.94M | 0.2% | $452K |
| High-net-worth individuals | 78 | $3.72B | 81.4% | $47.7M |
| Pension and profit-sharing plans | Fewer than 5 | $95.7M | 2.1% | — |
| Charitable organizations | 19 | $638M | 14.0% | $33.6M |
| Corporations and other businesses | Fewer than 5 | $104M | 2.3% | — |
| Total | 119 | $4.57B | 100% | — |
- Clients
- 22
- Regulatory AUM
- $9.94M
- AUM share
- 0.2%
- Avg. per client
- $452K
- Clients
- 78
- Regulatory AUM
- $3.72B
- AUM share
- 81.4%
- Avg. per client
- $47.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $95.7M
- AUM share
- 2.1%
- Avg. per client
- —
- Clients
- 19
- Regulatory AUM
- $638M
- AUM share
- 14.0%
- Avg. per client
- $33.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $104M
- AUM share
- 2.3%
- Avg. per client
- —
Total
- Clients
- 119
- Regulatory AUM
- $4.57B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Wharton Business Group charges 0.30%–0.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-Alone Financial Planning and Consulting
- Negotiable fixed fees generally from $750 to $8,500, or hourly fees from $175 to $325, depending on the services and professional.
Alera Group Inc owns 75% or more of Wharton Business Group and is in turn owned by Alera Group Intermediate Holdings, LLC (75% or more). The leadership team of Wharton Business Group includes Chief Compliance Officer Billy Webster. It has 5 employees, 3 of them in advisory roles.
Leadership
- Billy WebsterChief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Matthew Sullivan Delaney
- Marc Alexander Hembrough
- Billy Joe Webster JR
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- 1 soliciting firm
- Owns 75% or more of Wharton Business Group, LLC
Alera Group Inc
Control person · since June 2022
- Owns 75% or more of Alera Group Inc
Alera Group Intermediate Holdings, LLC
Control person · since June 2022
- Owns 75% or more of Alera Group Intermediate Holdings, LLC
Alera Group Holdings, Inc
Control person · since June 2022
- Owns 75% or more of Alera Group Holdings, Inc
Alera Group Ultimate Holdings, LLC
Control person · since June 2022
- Owns 25% to 50% of Alera Group Ultimate Holdings, LLC
Genstar X Alera Group Holdings, LLC
Control person · since June 2022
Wharton Business Group’s regulatory assets grew from $3.07B (March 2021) to $4.57B (August 2026); clients were 119 in both filings and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $4.57B | 119 | 5 | 2 |
| June 2025 | $4.01B | 125 | 5 | 2 |
| April 2024 | $3.65B | 120 | 5 | 2 |
| March 2023 | $3.42B | 136 | 5 | 2 |
| March 2022 | $3.44B | 133 | 5 | 2 |
| March 2021 | $3.07B | 116 | 5 | 2 |
Besides its headquarters, Wharton Business Group has 1 office (1 private residence, listed without an address), with 1 listed address in Pennsylvania.
Pennsylvania · 1 listed address
- 110 N. Phoenixville Pike, Suite 300, MalvernHQ
Other business names
Wharton Business Group has reported 1 other business name to the SEC.
- Alera Group Wealth Services
Contact and registration details
- Legal name
- Wharton Business Group, LLC
- Headquarters
- 110 N. Phoenixville Pike, Suite 300, Malvern, PA 19355
- Website
- aleragroup.com
- Phone
- 484-327-8262
- SEC file
- 801-70752
- Structure
- Delaware LLC
- Fiscal year end
- December
Wharton Business Group uses Charles Schwab ($4.37B) as custodian for its separately managed accounts. Wharton Business Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $4.37B100%
At year end, Wharton Business Group’s separately managed accounts were mostly in stocks (61%) and funds (34%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.99B across 142 positions; the largest are iShares TR (8.6%), iShares TR (7.1%) and iShares Inc. (5.8%).
What the accounts hold
- Stocks61%
- Exchange-traded equities50%
- Non-exchange-traded equities11%
- Funds34%
- Cash5%
Reported 13F holdings
- $2.99B
- Reported 13F value
- 142
- Positions
- 52.1%
- In the 10 largest
- +13.0%
- Value vs. prior quarter
- iShares TR · MSCI USA Qlt Fct8.6%
- iShares TR · MSCI USA Value7.1%
- iShares Inc. · MSCI Emerg Mrkt5.8%
- Invesco Exch Traded FD TR II · Kbw BK ETF5.5%
- Blackrock ETF Trust II · Isha Flex IN ETF5.4%
- iShares TR · MSCI Eafe Min VL4.9%
- Vanguard Whitehall Fds · High Div Yld4.3%
- Apple Inc.3.9%
- iShares TR · US Infrastruc3.4%
- iShares Inc. · Core MSCI Emkt3.2%
Together, the ten largest are 52.1% of reported value.
How many clients does Wharton Business Group have?
Wharton Business Group has 119 clients and manages $4.57 billion for them, as of August 2026. They include 78 high-net-worth individuals, 22 individual clients and 19 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 August 2026
What services does Wharton Business Group offer?
Wharton Business Group provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Wharton Business Group charge?
Wharton Business Group charges 0.30%–0.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable.
Source: WHARTON BUSINESS GROUP LLC DV PART 2A, filed 24 March 2026
Which custodians does Wharton Business Group use?
Wharton Business Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $4.37B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 August 2026
How many financial advisors does Wharton Business Group have?
Wharton Business Group has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees 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 Wharton Business Group invest in?
At the end of its last fiscal year, Wharton Business Group’s separately managed accounts held 50% exchange-traded equities, 34% registered funds (mutual funds, ETFs, BDCs), 11% non-exchange-traded equities and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Wharton Business Group?
Wharton Business Group is owned through a chain of holding companies by Genstar X Alera Group Holdings, LLC. Its direct owner is Alera Group Inc (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 August 2026
How does Wharton Business Group get paid?
Wharton Business Group is paid through a percentage of assets under management, hourly charges and fixed fees. 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
Is Wharton Business Group registered with the SEC?
Yes, Wharton Business Group has been registered with the SEC as an investment adviser since 13 November 2009. Its CRD number is 133722 and its SEC file number is 801-70752.
Source: Form ADV Part 1A, Item 1, filed 1 August 2026; IAPD firm record
How do I contact Wharton Business Group?
Wharton Business Group’s main office is at 110 N. Phoenixville Pike, Suite 300, Malvern, PA 19355. Its phone number is 484-327-8262. Its website is aleragroup.com.