Wolfers Asset Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Wolfers Asset Management reports 122 clients. They include 73 high-net-worth individuals and 49 individual clients. Of its assets, 100.0% ($165M across 367 accounts) are managed with discretion. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 40% | 9% |
| High-net-worth individuals | 60% | 91% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 49 | $14.6M | 8.8% | $297K |
| High-net-worth individuals | 73 | $151M | 91.2% | $2.06M |
| Total | 122 | $165M | 100% | $1.36M |
- Clients
- 49
- Regulatory AUM
- $14.6M
- AUM share
- 8.8%
- Avg. per client
- $297K
- Clients
- 73
- Regulatory AUM
- $151M
- AUM share
- 91.2%
- Avg. per client
- $2.06M
Total
- Clients
- 122
- Regulatory AUM
- $165M
- AUM share
- 100%
- Avg. per client
- $1.36M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Wolfers Asset Management charges 0.35%–0.85% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 0.85% |
| $500K–$1M | 0.75% |
| $1M–$1.5M | 0.65% |
| $1.5M–$2M | 0.55% |
| $2M–$2.5M | 0.45% |
| $2.5M and above | 0.35% |
Fee details and sources
Other fees
- Financial planning
- Financial planning is a fixed fee from $500 to $5,000, or $400 an hour for initial planning and $250 an hour for revisions.
Erik Wolfers owns 75% or more of Wolfers Asset Management. It has 4 employees, 3 of them in advisory roles.
Leadership
- Eric WheelerCCO/Portfolio Manager
- Erik WolfersManaging Member
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Wolfers Asset Management LLC
Erik Wolfers
Control person · since February 2016
Wolfers Asset Management’s regulatory assets grew from $142M (February 2025) to $165M (July 2026); clients were 122 in both filings and employees fell from 5 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $165M | 122 | 4 | 3 |
| February 2025 | $142M | 117 | 5 | 3 |
Besides its headquarters, Wolfers Asset Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses in California.
California · 1 listed address
- 1999 Harrison Street, Oakland
Contact and registration details
- Legal name
- Wolfers Asset Management LLC
- Headquarters
- Not reported
- Website
- wolfersam.com
- Phone
- 510-601-1935
- SEC file
- 801-132059
- Structure
- California LLC
- Fiscal year end
- December
Wolfers Asset Management uses Charles Schwab ($165M) as custodian for its separately managed accounts. Wolfers Asset Management has custody of $52.2M in client assets for 62 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $165M100%
At year end, Wolfers Asset Management’s separately managed accounts were mostly in funds (90%).
What the accounts hold
- Stocks8%
- Funds90%
- Bonds1%
- Cash1%
How many clients does Wolfers Asset Management have?
Wolfers Asset Management has 122 clients and manages $165 million for them, as of July 2026. They include 73 high-net-worth individuals and 49 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 July 2026
What services does Wolfers Asset Management offer?
Wolfers Asset Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Wolfers Asset Management charge?
Wolfers Asset Management charges 0.35%–0.85% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: DISCLOSURE DOCUMENT FOR ALL CLIENTS, filed 3 March 2026
Which custodians does Wolfers Asset Management use?
Wolfers Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $165M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 July 2026
How many financial advisors does Wolfers Asset Management have?
Wolfers Asset Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Wolfers Asset Management invest in?
At the end of its last fiscal year, Wolfers Asset Management’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 1% U.S. government and agency bonds and 1% 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 Wolfers Asset Management?
Wolfers Asset Management’s direct owner is Erik Wolfers (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 July 2026
How does Wolfers Asset Management get paid?
Wolfers Asset Management 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
How do I contact Wolfers Asset Management?
Its phone number is 510-601-1935. Its website is wolfersam.com.