{"url":"https://nivawealth.com/firms/wilshire-advisors-6210","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/6210","regulatoryAum":149102543671,"crd":"6210","secFileNumber":"801-36233","legalName":"Wilshire Advisors LLC","displayName":"Wilshire Advisors","website":"https://www.wilshire.com","linkedinUrl":"https://www.linkedin.com/company/wilshireadvisors","founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1299 Ocean Avenue Suite 600","city":"Santa Monica","state":"CA","stateName":"California","country":"United States","postalCode":"90401-1085"},"tradeNames":[],"registration":{"secApproved":"16 March 1990","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":307,"advisory":86,"brokerDealerReps":17,"insuranceAgents":0,"promoters":4},"aum":{"discretionary":148243494931,"discretionaryAccounts":650318,"nonDiscretionary":859048740,"nonDiscretionaryAccounts":1,"wrapProgram":2819498212,"nonUsClientsPct":0,"nonAumClients":109978},"clientTypes":[{"label":"Investment companies","clients":4,"regulatoryAum":1836765134},{"label":"Pooled investment vehicles","clients":101,"regulatoryAum":41576337099},{"label":"Pension and profit-sharing plans","clients":94431,"regulatoryAum":8514374384},{"label":"Charitable organizations","clients":19,"regulatoryAum":498614268},{"label":"State or municipal government entities","clients":29,"regulatoryAum":1509310194},{"label":"Other investment advisers","clients":662119,"regulatoryAum":92381181836},{"label":"Sovereign wealth funds and foreign official institutions","clients":5,"regulatoryAum":49203159},{"label":"Corporations and other businesses","clients":null,"regulatoryAum":12348},{"label":"Other","clients":3581,"regulatoryAum":2736745249}],"fees":[],"feeNotes":[],"custodians":[{"name":"American Enterprise Investment Services Inc.","shortName":"American Enterprise Investment Services","location":"Minneapolis, MN","smaAssets":92187556300}],"custodyNote":"Wilshire Advisors has custody of $51.29B for 118 clients.","otherCustodians":[],"leadership":[{"name":"Jason Schwarz","title":"Chief Executive Officer","crd":"5067865"},{"name":"Christina Walsh","title":"Chief Financial Officer","crd":"5183795"},{"name":"Jason Hubschman","title":"Co-Chief Operating Officer","crd":"2632600"},{"name":"Johanna Valva","title":"Co-Chief Operating Officer","crd":"8086404"},{"name":"Steven O'Connor","title":"Chief Compliance Officer","crd":"5885413"},{"name":"Joshua Emanuel","title":"Chief Investment Officer","crd":"5815995"},{"name":"Erin Simpson","title":"Head of Operations and Risk","crd":"7530853"}],"ownership":[{"label":"Monica Holdco (us) Inc.","detail":"Member in the 75% or more ownership band and a control person, since January 2021."},{"label":"Monica Guarantor, LP","detail":"Indirect owner: a shareholder of Monica Holdco (us) Inc. in the 75% or more band and a control person, since October 2020.","parent":"Monica Holdco (us) Inc."},{"label":"Monica Intermediate, LP","detail":"Indirect owner: a limited partner of Monica Guarantor, LP in the 75% or more band and a control person, since October 2020.","parent":"Monica Guarantor, LP"},{"label":"Monica Intermediate Holdings GP, LLC","detail":"Indirect owner: general partner of Monica Guarantor, LP and a control person, since October 2020. Also general partner of Monica Intermediate, LP and a control person, since October 2020.","parent":"Monica Guarantor, LP"},{"label":"Monica Holdings (jersey), LP","detail":"Indirect owner: a limited partner of Monica Intermediate, LP in the 75% or more band and a control person, since December 2020. Also a member of Monica Intermediate Holdings GP, LLC in the 75% or more band and a control person, since December 2020.","parent":"Monica Intermediate, LP"},{"label":"Monica Holdings (jersey) GP, LP","detail":"Indirect owner: general partner of Monica Holdings (jersey), LP and a control person, since December 2020.","parent":"Monica Holdings (jersey), LP"},{"label":"Motive Monica, LP","detail":"Indirect owner: a limited partner of Monica Holdings (jersey), LP in the 50% to 75% band and a control person, since September 2020. Also a member of Monica Top GP (cayman), LLC in the 50% to 75% band and a control person, since September 2020. Also a limited partner of Motive Monica GP Holdings, LP in the 75% or more band and a control person, since July 2021.","parent":"Monica Holdings (jersey), LP"},{"label":"Motive Partners GP, LLC","detail":"Indirect owner: general partner of Motive Monica, LP and a control person, since September 2020. Also general partner of Motive Partners Operating Company LP and a control person, since August 2016. Also general partner of Motive Partners Holdings II, LP and a control person, since August 2016. Also general partner of Motive Monica GP Holdings, LP and a control person, since July 2021.","parent":"Motive Monica, LP"},{"label":"Rob Exploration, LLC","detail":"Indirect owner: a member of Motive Partners GP, LLC in the 75% or more band and a control person, since August 2016.","parent":"Motive Partners GP, LLC"},{"label":"Monica Top GP (cayman), LLC","detail":"Indirect owner: general partner of Monica Holdings (jersey) GP, LP and a control person, since December 2020.","parent":"Monica Holdings (jersey) GP, LP"},{"label":"CC Monica Holdings, LLC","detail":"Indirect owner: a limited partner of Monica Holdings (jersey) GP, LP in the 50% to 75% band and a control person, since November 2020. Also a managing member of CC-SGG Monica Aggregator, LLC in the 50% to 75% band and a control person, since November 2020.","parent":"Monica Holdings (jersey) GP, LP"},{"label":"Mark Makepeace","detail":"Indirect owner: a limited partner of ST. Giles Global LP in the 50% to 75% band and a control person, since December 2020. Also a managing member of ST. Giles Global LP in the 75% or more band and a control person, since November 2020.","parent":"ST. Giles Global LP"},{"label":"CC-SGG Monica Aggregator, LLC","detail":"Indirect owner: a member of Monica Top GP (cayman), LLC in the 50% to 75% band and a control person, since December 2020.","parent":"Monica Top GP (cayman), LLC"},{"label":"CC Capital SP, LP","detail":"Indirect owner: a managing member of CC Monica Holdings, LLC in the 75% or more band and a control person, since September 2020.","parent":"CC Monica Holdings, LLC"},{"label":"Cec Investors, LP","detail":"Indirect owner: a limited partner of CC Capital SP, LP in the 75% or more band and a control person, since February 2018.","parent":"CC Capital SP, LP"},{"label":"Chinh Chu","detail":"Indirect owner: a limited partner of Cec Investors, LP in the 75% or more band and a control person, since February 2018. Also a managing member of CC Capital GP LLC in the 75% or more band and a control person, since February 2018. Also trustee of Chinh E. Chu Descendants Trust and a control person, since January 2012.","parent":"Cec Investors, LP"},{"label":"ST. Giles Global LP","detail":"Indirect owner: a member of CC-SGG Monica Aggregator, LLC in the 25% to 50% band and a control person, since September 2020.","parent":"CC-SGG Monica Aggregator, LLC"},{"label":"CC Capital GP LLC","detail":"Indirect owner: general partner of CC Capital SP, LP and a control person, since February 2018. Also general partner of Cec Investors, LP and a control person, since February 2018.","parent":"CC Capital SP, LP"},{"label":"Paul Luc Heyvaert","detail":"Indirect owner: a member of Rob Exploration, LLC in the 75% or more band and a control person, since January 2016. Also a limited partner of Motive Partners Holdings II, LP in the 75% or more band and a control person, since October 2018.","parent":"Rob Exploration, LLC"},{"label":"ST Giles Global GP LLC","detail":"Indirect owner: general partner of ST. Giles Global LP and a control person, since December 2020.","parent":"ST. Giles Global LP"},{"label":"Motive Partners Operating Company LP","detail":"Indirect owner: a member of Motive Capital Management, LLC in the 75% or more band and a control person, since August 2016.","parent":"Motive Capital Management, LLC"},{"label":"Motive Capital Management, LLC","detail":"Indirect owner: a limited partner of Motive Monica GP Holdings, LP in the 25% to 50% band and a control person, since July 2021.","parent":"Motive Monica GP Holdings, LP"},{"label":"Motive Monica GP Holdings, LP","detail":"Indirect owner: a limited partner of Monica Holdings (jersey) GP, LP in the 25% to 50% band and a control person, since July 2021.","parent":"Monica Holdings (jersey) GP, LP"},{"label":"Motive Partners Holdings II, LP","detail":"Indirect owner: a limited partner of Motive Partners Operating Company LP in the 75% or more band and a control person, since October 2018.","parent":"Motive Partners Operating Company LP"},{"label":"Chinh E. Chu Descendants Trust","detail":"Indirect owner: trust of Chinh Chu and a control person, since January 2012.","parent":"Chinh Chu"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5,"privateResidences":0},"listedOfficeAddresses":5,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1299 Ocean Avenue Suite 600","city":"Santa Monica","headquarters":true}]},{"state":"Colorado","offices":1,"addresses":[{"street":"370 Interlocken Boulevard, Suite 620","city":"Broomfield"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"222 West Adams Street, Suite 1880","city":"Chicago"}]},{"state":"New York","offices":1,"addresses":[{"street":"320 Park Avenue, 7th Floor","city":"New York"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"116 15th Street","city":"Pittsburgh"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"310-451-3051","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters","Educational seminars/workshops"],"financialPlanningClients":"0","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":98},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":95},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/6210/PDF/6210.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Wilshire Advisors have?","answer":"Wilshire Advisors has 760,289 clients and manages $149.1 billion for them, as of October 2026. They include 662,119 other investment advisers, 94,431 pension and profit-sharing plans and 3,581 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Wilshire Advisors offer?","answer":"Wilshire Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Wilshire Advisors use?","answer":"Wilshire Advisors’ separately managed account assets are held at American Enterprise Investment Services Inc. (Minneapolis, MN), with $92,187,556,300. 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 October 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Wilshire Advisors have?","answer":"Wilshire Advisors has 2 investment adviser representatives registered with state securities authorities, out of 307 employees, and 86 perform investment advisory functions. 17 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Wilshire Advisors invest in?","answer":"At the end of its last fiscal year, Wilshire Advisors’ separately managed accounts held 98% registered funds (mutual funds, ETFs, BDCs) and 2% cash and equivalents. It advises 95 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Wilshire Advisors?","answer":"Wilshire Advisors is owned through a chain of holding companies by Mark Makepeace, Paul Luc Heyvaert and Motive Partners Holdings II, LP. Its direct owner is Monica Holdco (us) Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Wilshire Advisors get paid?","answer":"Wilshire Advisors is paid through a percentage of assets under management, fixed fees, performance-based fees and other arrangements. 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/wilshire-advisors-6210/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-27","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1616628/000117266126002805/0001172661-26-002805-index.html","totalValue":10335777,"positionCount":7,"top10Share":1,"top10":[{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI EAFE","cusip":"46432F842","value":3972142,"shares":41128,"shareType":"SH","priorValue":3789043,"priorShares":41854},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P MCP ETF","cusip":"464287507","value":1762889,"shares":22862,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"US TREAS BD ETF","cusip":"46429B267","value":1659318,"shares":72841,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P SCP ETF","cusip":"464287804","value":1224892,"shares":8259,"shareType":"SH","priorValue":1711127,"priorShares":13765},{"issuer":"ISHARES TR","titleOfClass":"ISHS 1-5YR INVS","cusip":"464288646","value":1123618,"shares":21439,"shareType":"SH","priorValue":1671618,"priorShares":31804},{"issuer":"ISHARES INC","titleOfClass":"CORE MSCI EMKT","cusip":"46434G103","value":558259,"shares":6739,"shareType":"SH","priorValue":530030,"priorShares":7599},{"issuer":"LOANDEPOT INC","titleOfClass":"COM CL A","cusip":"53946R106","value":34659,"shares":27727,"shareType":"SH","priorValue":39373,"priorShares":27727}],"positionsListed":7,"positions":[{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI EAFE","cusip":"46432F842","value":3972142,"shares":41128,"shareType":"SH","priorValue":3789043,"priorShares":41854},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P MCP ETF","cusip":"464287507","value":1762889,"shares":22862,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"US TREAS BD ETF","cusip":"46429B267","value":1659318,"shares":72841,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P SCP ETF","cusip":"464287804","value":1224892,"shares":8259,"shareType":"SH","priorValue":1711127,"priorShares":13765},{"issuer":"ISHARES TR","titleOfClass":"ISHS 1-5YR INVS","cusip":"464288646","value":1123618,"shares":21439,"shareType":"SH","priorValue":1671618,"priorShares":31804},{"issuer":"ISHARES INC","titleOfClass":"CORE MSCI EMKT","cusip":"46434G103","value":558259,"shares":6739,"shareType":"SH","priorValue":530030,"priorShares":7599},{"issuer":"LOANDEPOT INC","titleOfClass":"COM CL A","cusip":"53946R106","value":34659,"shares":27727,"shareType":"SH","priorValue":39373,"priorShares":27727}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}