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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

WBI INVESTMENTS, LLC

CRD 106336

RED BANK, NJ

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Search this name across graphsid dfx:ria:49eca361-beb4-48fc-c610-decfda41d3cf

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 10:38 AM UTC and rebuilt at most every 15 minutes.

Relationships: 50
Dated events: 21
On other graphs: 0
Observed: Mar 28, 2012 to Mar 31, 2026
62 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=0.51 fund_share=0.26 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $540MItem 5.F on the latest filing (2026-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $540M
Private client RAUM: $277MderivedItem 5.D individuals plus high net worth individuals
Private client share: 51%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 6
RAUM per advisor: $89.9Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 13
Advisory employees: 5
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1,533
Individual clients: 701
High net worth clients: 58
SEC number: 801-22873
CIK: 1397424
CRD: 106336
Filings on the tape: 62
First filed: Mar 28, 2012
Latest filed: Mar 31, 2026
Organised: Limited Liability Company, DE
Website: bullbearinsights.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
DONALD ROBERT SCHREIBER	Certified Financial Planner	RED BANK, NJ	20	42	1	no
ROBERT JOSEPH CONFESSORE	Certified Financial Planner	BROOKLYN, NY \| RED BANK, NJ \| Red Bank, NJ	20	32	2	no
MATTHEW EARL SCHREIBER	n/a	RED BANK, NJ \| Red Bank, NJ	17	17	n/a	no
Robert Daniel Morgan	n/a	RED BANK, NJ	7	39	n/a	no
WILLIAM T. GERICS	n/a	Red Bank, NJ	0	20	n/a	no
Jason Thostesen	n/a	RED BANK, NJ	0	17	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
HEDENBURG, ERIC, RICHARD	CHIEF TECHNOLOGY OFFICER	Na	yes	02/2012	Mar 28, 2012	Jul 8, 2024
SCHREIBER, ANN, HOLLY	SECRETARY, CHIEF MARKETING OFFICER	Na	yes	01/2012	Jun 6, 2014	Jul 8, 2024
SCHREIBER, DONALD, ROBERT	CO-CEO, CO-CIO, CO-PORTFOLIO MANAGER, CCO, AND TREASURER	Na	yes	09/1984	Mar 28, 2012	Jul 8, 2024
SCHREIBER, DONALD, ROBERT	SOLE OWNER	E	yes	06/2023	Mar 28, 2012	Jul 8, 2024
SCHREIBER, MATTHEW, EARL	CO-CEO, CO-CIO, AND CO-PORTFOLIO MANAGER	Na	yes	05/2013	Mar 28, 2012	Jul 8, 2024
WBI HOLDCO, INC.	SOLE OWNER	E	yes	06/2023	Sep 20, 2023	Jul 8, 2024
WBI TECH HOLDINGS, LLC	Member	E	yes	06/2023	Sep 20, 2023	Jul 8, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
MILLINGTON SECURITIES, LLC	n/a	Asset manager	$141M	N	yes	n/a
HARTSHORNE GROUP, LLC	n/a	No RAUM reported	$0	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 31, 2026	$540M	$540M	13	5	0	n/a	n/a
2024	Apr 1, 2025	$553M	$553M	13	5	0	n/a	n/a
2023	Mar 29, 2024	$527M	$527M	19	9	0	n/a	n/a
2022	Mar 31, 2023	$582M	$582M	22	10	0	n/a	n/a
2021	Feb 7, 2022	$510M	$510M	23	11	0	n/a	n/a
2020	Mar 31, 2021	$538M	$538M	26	10	0	n/a	n/a
2019	Mar 30, 2020	$772M	$772M	37	15	0	n/a	n/a
2018	Mar 13, 2019	$1.3B	$1.3B	42	19	1	n/a	n/a
2017	Mar 29, 2018	$1.7B	$1.7B	51	26	1	n/a	n/a
2016	Mar 30, 2017	$1.9B	$1.9B	58	30	n/a	n/a	n/a
2015	Mar 29, 2016	$3.1B	$3.1B	69	38	n/a	n/a	n/a
2014	Mar 31, 2015	$3.3B	$3.3B	61	33	n/a	n/a	n/a
2013	Mar 28, 2014	$2.5B	$2.5B	52	27	n/a	n/a	n/a
2012	Mar 25, 2013	$1.7B	$1.7B	51	27	n/a	n/a	n/a
2011	Mar 28, 2012	$1.1B	$1.1B	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$540M	$553M	-2.4%	$582M	-2.5%	13	13	0	0

Relationships

Affiliated with (4)

→ MILLINGTON SECURITIES, LLCRegistered adviserother investment adviser, common control
factForm ADV
→ HARTSHORNE GROUP, LLCRegistered adviserother investment adviser, common control
factForm ADV
← MILLINGTON SECURITIES, LLCRegistered adviserother investment adviser, common control
factForm ADV
← HARTSHORNE GROUP, LLCRegistered adviserother investment adviser, common control
factForm ADV

Registered with (37)

← WILLIAM T. GERICSAdvisorregistration: current employment
Jan 1, 2026 to presentfactForm ADV
← Jason ThostesenAdvisorregistration: current employment
Jan 1, 2026 to presentfactForm ADV
← Robert Daniel MorganAdvisorregistration: current employment
Jan 3, 2019 to presentfactForm ADV
← MATTHEW EARL SCHREIBERAdvisorregistration: current employment
Nov 22, 2008 to presentfactForm ADV
← ROBERT JOSEPH CONFESSOREAdvisorregistration: current employment
Sep 12, 2006 to presentfactForm ADV
← DONALD ROBERT SCHREIBERAdvisorregistration: current employment
May 4, 2006 to presentfactForm ADV
← RICHARD PAUL KUNDRACIKAdvisorregistration: previous registration
May 17, 2016 to Mar 20, 2024factForm ADV
← Patrick Darren PryzAdvisorregistration: previous registration
Aug 16, 2016 to Oct 29, 2021factForm ADV
← Travis DufnerAdvisorregistration: previous registration
Mar 12, 2018 to Sep 3, 2021factForm ADV
← Justin John EspositoAdvisorregistration: previous registration
Feb 19, 2009 to Dec 1, 2020factForm ADV
← David Brian AngeliAdvisorregistration: previous registration
Jun 29, 2013 to Aug 19, 2020factForm ADV
← John CecchinoAdvisorregistration: previous registration
May 28, 2019 to Apr 27, 2020factForm ADV
← Giuseppe MerloAdvisorregistration: previous registration
Mar 19, 2018 to Apr 27, 2020factForm ADV
← William F GallagherAdvisorregistration: previous registration
Jun 20, 2008 to Mar 23, 2020factForm ADV
← CYNTHIA ROSE STROIKAdvisorregistration: previous registration
Mar 17, 2011 to Jul 31, 2019factForm ADV
← Artyome Jan PearlAdvisorregistration: previous registration
Jun 20, 2018 to Mar 25, 2019factForm ADV
← AUSTIN M GUARINOAdvisorregistration: previous registration
Mar 1, 2018 to Mar 12, 2019factForm ADV
← Daniel Evan ColluccioAdvisorregistration: previous registration
Sep 8, 2014 to Jul 9, 2018factForm ADV
← Tyler FreemanAdvisorregistration: previous registration
Oct 23, 2017 to Apr 5, 2018factForm ADV
← BRANDON P BUHAYAdvisorregistration: previous registration
Oct 27, 2015 to Jan 30, 2018factForm ADV
← JEFFREY DAVID THOMASAdvisorregistration: previous registration
Nov 5, 2012 to Aug 25, 2017factForm ADV
← JOSHUA MICHAEL HAYESAdvisorregistration: previous registration
May 16, 2016 to Aug 15, 2017factForm ADV
← BRYAN PATRICK KEORLETAdvisorregistration: previous registration
Sep 9, 2014 to Feb 24, 2017factForm ADV
← THOMAS DANIEL KUCERAAdvisorregistration: previous registration
Feb 17, 2012 to Jan 3, 2017factForm ADV
← Brandon James GrockiAdvisorregistration: previous registration
Nov 23, 2015 to Oct 14, 2016factForm ADV
← DANIEL PATRICK LOUGHLINAdvisorregistration: previous registration
Jul 27, 2015 to Sep 20, 2016factForm ADV
← Melissa Margaret KarwoskiAdvisorregistration: previous registration
Jul 29, 2015 to Aug 15, 2016factForm ADV
← MICHALIS BATASAdvisorregistration: previous registration
Jan 14, 2015 to Feb 23, 2016factForm ADV
← RICHARD JEFFREY LOBERAdvisorregistration: previous registration
Nov 16, 2011 to Nov 30, 2015factForm ADV
← DEREK DOUGLAS SWANNERAdvisorregistration: previous registration
Jan 4, 2013 to Apr 29, 2015factForm ADV
and 7 more

Controls (6)

← SCHREIBER, DONALD, ROBERTOwnerSOLE OWNER, ownership code E, individual
Mar 28, 2012 to Jul 8, 2024factForm ADV
← HEDENBURG, ERIC, RICHARDOwnerCHIEF TECHNOLOGY OFFICER, ownership code NA, individual
Mar 28, 2012 to Jul 8, 2024factForm ADV
← SCHREIBER, MATTHEW, EARLOwnerCO-CEO, CO-CIO, AND CO-PORTFOLIO MANAGER, ownership code NA, individual
Mar 28, 2012 to Jul 8, 2024factForm ADV
← SCHREIBER, ANN, HOLLYOwnerSECRETARY, CHIEF MARKETING OFFICER, ownership code NA, individual
Jun 6, 2014 to Jul 8, 2024factForm ADV
← WBI HOLDCO, INC.OwnerSOLE OWNER, ownership code E, domestic entity
Sep 20, 2023 to Jul 8, 2024factForm ADV
← WBI TECH HOLDINGS, LLCOwnerMEMBER, ownership code E, domestic entity
Sep 20, 2023 to Jul 8, 2024factForm ADV

Dated events

Occurred
Jul 8, 2024
Control person left
Robert Confessore (Vice President) no longer on Schedule A of Wbi Investments, Llc (listed 2024-03-29, absent 2024-07-08)
Form ADVobserved 4 days ago
Occurred
Jul 8, 2024
Control person left
A Steven Van Solkema (President, Chief Investment Officer And Co-Portfolio Manager) no longer on Schedule A of Wbi Investments, Llc (listed 2024-03-29, absent 2024-07-08)
Form ADVobserved 4 days ago
Occurred
Jul 8, 2024
Control person left
Nicole Dina Schindler (Chief Compliance Officer) no longer on Schedule A of Wbi Investments, Llc (listed 2024-03-29, absent 2024-07-08)
Form ADVobserved 4 days ago
Occurred
Sep 20, 2023
Control person left
Frederick Scott Kreitz (Chief Operating Officer) no longer on Schedule A of Wbi Investments, Llc (listed 2023-03-31, absent 2023-09-20)
Form ADVobserved 4 days ago
Occurred
Sep 20, 2023
Control person left
Francis Kevin Murphy (Chief Compliance Officer & General Counsel) no longer on Schedule A of Wbi Investments, Llc (listed 2023-03-31, absent 2023-09-20)
Form ADVobserved 4 days ago
Occurred
Sep 20, 2023
Control person joined
Nicole Dina Schindler (Chief Compliance Officer) appeared on Schedule A of Wbi Investments, Llc
Form ADVobserved 4 days ago
Occurred
Mar 7, 2023
Succession filed (Item 4)
Wbi Investments, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)
Form ADVobserved 4 days ago
Occurred
Mar 21, 2022
Regulatory AUM changed
Wbi Investments, Llc reported RAUM $662.8M, up 30% from $509.9M (2022-02-07 to 2022-03-21)
Form ADVobserved 4 days ago
$153M
Occurred
Mar 31, 2021
Regulatory AUM changed
Wbi Investments, Llc reported RAUM $538.3M, down 30% from $772.0M (2020-12-22 to 2021-03-31)
Form ADVobserved 4 days ago
$-234M
Occurred
Dec 22, 2020
Control person left
Russell Walter Costenbader (Chief Compliance Officer) no longer on Schedule A of Wbi Investments, Llc (listed 2020-11-19, absent 2020-12-22)
Form ADVobserved 4 days ago
Occurred
Dec 22, 2020
Control person joined
Francis Kevin Murphy (Chief Compliance Officer & General Counsel) appeared on Schedule A of Wbi Investments, Llc
Form ADVobserved 4 days ago
Occurred
Oct 2, 2020
Control person left
Renee Alyson Kest (Chief Compliance Officer & Counsel) no longer on Schedule A of Wbi Investments, Llc (listed 2020-08-21, absent 2020-10-02)
Form ADVobserved 4 days ago
Occurred
Oct 2, 2020
Control person joined
Russell Walter Costenbader (Chief Compliance Officer) appeared on Schedule A of Wbi Investments, Llc
Form ADVobserved 4 days ago
Occurred
Mar 30, 2020
Regulatory AUM changed
Wbi Investments, Llc reported RAUM $772.0M, down 39% from $1.3B (2019-09-18 to 2020-03-30)
Form ADVobserved 4 days ago
$-499M
Occurred
Mar 30, 2020
Control person left
Michael Tracey Crespo (Chief Operating Officer) no longer on Schedule A of Wbi Investments, Llc (listed 2019-09-18, absent 2020-03-30)
Form ADVobserved 4 days ago
Occurred
Mar 30, 2020
Control person joined
Frederick Scott Kreitz (Chief Operating Officer) appeared on Schedule A of Wbi Investments, Llc
Form ADVobserved 4 days ago
Occurred
Sep 18, 2019
Control person left
James Matthew Bromberg (General Counsel) no longer on Schedule A of Wbi Investments, Llc (listed 2019-08-07, absent 2019-09-18)
Form ADVobserved 4 days ago
Occurred
Aug 7, 2019
Control person joined
Renee Alyson Kest (Chief Compliance Officer & Counsel) appeared on Schedule A of Wbi Investments, Llc
Form ADVobserved 4 days ago
Occurred
Aug 7, 2019
Control person left
Rose Cynthia Bonna (Chief Compliance Officer) no longer on Schedule A of Wbi Investments, Llc (listed 2019-03-13, absent 2019-08-07)
Form ADVobserved 4 days ago
Occurred
Mar 13, 2019
Control person joined
A Steven Van Solkema (Vice President & Chief Investment Officer) appeared on Schedule A of Wbi Investments, Llc
Form ADVobserved 4 days ago
Occurred
Mar 13, 2019
Control person left
Edward Gary Stroik (Vice President & Chief Investment Officer) no longer on Schedule A of Wbi Investments, Llc (listed 2018-07-18, absent 2019-03-13)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:49eca361-beb4-48fc-c610-decfda41d3cf
First observed: Mar 28, 2012
Last observed: Mar 31, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

WBI INVESTMENTS, LLC

CRD 106336

RED BANK, NJ

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:49eca361-beb4-48fc-c610-decfda41d3cf

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 10:38 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

DONALD ROBERT SCHREIBER

Certified Financial Planner

RED BANK, NJ

ROBERT JOSEPH CONFESSORE

Certified Financial Planner

BROOKLYN, NY | RED BANK, NJ | Red Bank, NJ

MATTHEW EARL SCHREIBER

n/a

RED BANK, NJ | Red Bank, NJ

n/a

Robert Daniel Morgan

n/a

RED BANK, NJ

n/a

WILLIAM T. GERICS

n/a

Red Bank, NJ

n/a

Jason Thostesen

n/a

RED BANK, NJ

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

HEDENBURG, ERIC, RICHARD

CHIEF TECHNOLOGY OFFICER

yes

02/2012

Mar 28, 2012

Jul 8, 2024

SCHREIBER, ANN, HOLLY

SECRETARY, CHIEF MARKETING OFFICER

yes

01/2012

Jun 6, 2014

Jul 8, 2024

SCHREIBER, DONALD, ROBERT

CO-CEO, CO-CIO, CO-PORTFOLIO MANAGER, CCO, AND TREASURER

yes

09/1984

Mar 28, 2012

Jul 8, 2024

SCHREIBER, DONALD, ROBERT

SOLE OWNER

yes

06/2023

Mar 28, 2012

Jul 8, 2024

SCHREIBER, MATTHEW, EARL

CO-CEO, CO-CIO, AND CO-PORTFOLIO MANAGER

yes

05/2013

Mar 28, 2012

Jul 8, 2024

WBI HOLDCO, INC.

SOLE OWNER

yes

06/2023

Sep 20, 2023

Jul 8, 2024

WBI TECH HOLDINGS, LLC

Member

yes

06/2023

Sep 20, 2023

Jul 8, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

MILLINGTON SECURITIES, LLC

n/a

Asset manager

$141M

yes

n/a

HARTSHORNE GROUP, LLC

n/a

No RAUM reported

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$540M

n/a

2024

Apr 1, 2025

$553M

n/a

2023

Mar 29, 2024

$527M

n/a

2022

Mar 31, 2023

$582M

n/a

2021

Feb 7, 2022

$510M

n/a

2020

Mar 31, 2021

$538M

n/a

2019

Mar 30, 2020

$772M

n/a

2018

Mar 13, 2019

$1.3B

n/a

2017

Mar 29, 2018

$1.7B

n/a

2016

Mar 30, 2017

$1.9B

n/a

2015

Mar 29, 2016

$3.1B

n/a

2014

Mar 31, 2015

$3.3B

n/a

2013

Mar 28, 2014

$2.5B

n/a

2012

Mar 25, 2013

$1.7B

n/a

2011

Mar 28, 2012

$1.1B

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$540M

$553M

-2.4%

$582M

-2.5%