DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Wcm Investment Management
Legal name Wcm Investment Management, LLC
Latest filing Aug 31, 2026
First filing on the tape Feb 28, 2012 · 37 filings
SEC status approved since Aug 12, 1976
RAUM
$97B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
7.7%
$7.4B individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$14B
derived; firm RAUM over IAPD count
Employees
102
44 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
15
reported on Schedule D
History
37 filings and snapshots on the tape
RAUM$97B as of Aug 31, 2026
Feb 28, 2012$1.4B then
HNW client RAUM$5.6B as of Aug 31, 2026
Mar 20, 2018$2.0B then
State-registered IARs (5.B.3)9 as of Aug 31, 2026
Feb 12, 201310 then
Employees (5.A)102 as of Aug 31, 2026
Feb 12, 201325 then
Private funds15 as of Aug 31, 2026
Feb 28, 20121 then
RAUM +30% over the last fiscal year+17% a year over threeIARs 14 to 9offices 4 to 2
Practice profile
derived from the filing of Aug 31, 2026; every figure names its basis
- RAUM per advisor
- $14BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 816derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.3MderivedHNW RAUM over HNW clients
- Average account
- $14.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 26%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 14.6derivedItem 5.A over advisors
- Advisors per office
- 2.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +30%derivedbetween the last two annual amendments
- Advisor growth, one year
- -36%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +4.2%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $10.0M, 27 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$34B35%
- Pooled investment vehicles$23B24%
- State and municipal entities$8.7B9.0%
- Corporations and businesses$7.5B7.8%
- Pension and profit-sharing plans$7.2B7.4%
- High-net-worth individuals$5.6B5.8%
- Sovereign wealth funds$5.4B5.6%
- Charitable organizations$3.1B3.2%
- Individuals$1.8B1.9%
- Insurance companies$463M0.5%
- Individual clients
- 3,991reported
- HNW clients
- 1,720reported
- Pension plan clients
- 102reported
- Charitable clients
- 286reported
- Accounts
- 6,728reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $7.4B managedreported
- Custody of client assets
- $10.0M for 27 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.08 fund_share=0.59 institutional_share=0.26 related_bd=false related_bank=false bd_reps=13.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Paul Russell Black | Laguna Beach, Ca | May 5, 2011 | 37 y | 0 |
| Jonathon Michael DetterChartered Financial Analyst | Laguna Beach, Ca | Mar 24, 2017 | 10 y | 0 |
| Chad Edward Hoffman | Clayton, Mo | Mar 24, 2020 | 27 y | 2 |
| John Matthew Macarthur | Laguna Beach, Ca | Feb 8, 2023 | 34 y | 1 |
| Andrew Neil Buchanan | Laguna Beach, Ca | Feb 15, 2024 | 25 y | 3 |
| Trace Wilson Thurlby | Laguna Beach, Ca | Mar 12, 2024 | 25 y | 1 |
| Anthony Bernard GlickhouseChartered Financial Analyst | Laguna Beach, Ca | Jul 16, 2024 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount3 left over 36 months
Left, latest
- Andrew David Papendieck to Martin Capital Partners, LLCJul 8, 2025 · Other
- Reid Christopher Weaver to Martin Capital Partners, LLCJul 8, 2025 · Other
- Aaron Allen Reed to Stratos Wealth Advisors LLCOct 3, 2024 · Other
Joined, latest
- Reid Christopher Weaver from Martin Capital Partners, LLCAug 20, 2024 · Other
- Andrew David Papendieck from Sheppard Wealth Management, LLCAug 6, 2024 · Other
- Trace Wilson Thurlby from Praetorian Guard, A Division Of Centurion Alliance, Inc.Mar 12, 2024 · Other
- Andrew Neil Buchanan from Morgan StanleyFeb 15, 2024 · Other
- John Matthew Macarthur from Praetorian Guard, A Division Of Centurion Alliance, Inc.Feb 8, 2023 · Other
- Aaron Allen Reed from Rittenhouse Asset Management, Inc.Sep 21, 2021 · Other
- Chad Edward Hoffman from Kennedy Capital ManagementMar 24, 2020 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Martin Capital Partners, LLCJul 8, 2025 · Laguna Beach, Ca
Private funds
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Wcm Focused International Growth Fund LP | Other Private Fund | $4.9B | 143 | Jul 19, 2013 |
| Wcm Focused Global Growth Fund LP | Other Private Fund | $290M | 11 | Mar 24, 2017 |
| Wcm Focused Global Growth Long-Short Offshore Fund, LP | Hedge Fund | $230M | 9 | Mar 26, 2019 |
| Wcm Focused Emerging Markets Fund LP | Other Private Fund | $186M | 11 | Jul 24, 2014 |
| Wcm International Small Cap Growth Fund LP | Other Private Fund | $179M | 20 | Mar 20, 2018 |
| Wcm Partners LP/De | Hedge Fund | $159M | 19 | Mar 17, 2023 |
| Wcm Partners Spv I LP | Private Equity Fund | $23.1M | 2 | Mar 17, 2023 |
| Wcm Investment Management Small-Cap Value Fund LPno longer reported | Other Private Fund | $10.7M | 2 | Feb 28, 2012 |
| Wcm Partners Spv-U | Private Equity Fund | $2.6M | 1 | Mar 15, 2024 |
| Wcm Focused International Opportunities Fund LP | Other Private Fund | $0 | 1 | Mar 15, 2024 |
Owners and control persons
Schedule A and B, latest filing
- Russell Paul Black · President/Ceocontrolsince 12/2002 · owns less than 5%
- Victoria Kroehl · Chief Financial Officercontrolsince 12/2023 · owns less than 5%
- Kuanglun Don Kuo · Deputy Chief Operating Officer, Secretarycontrolsince 01/2021 · owns less than 5%
- Waller Sloane Payne · Chief Operations Officer, Senior Vpcontrolsince 10/2004 · owns less than 5%
- Brady Mike Trigg · President, Portfolio Managercontrolsince 01/2022 · owns less than 5%
- Randal Kurt Winrich · Chairmancontrolsince 12/2021 · owns less than 5%
- Russell Paul Black · Member, Elected Managercontrolsince 06/2018 · owns 25% to 50% of Thalia Street Partners LLC
- Waller Sloane Payne · Elected Managercontrolsince 06/2018 · owns F of Thalia Street Partners LLC
- Brady Mike Trigg · Elected Managercontrolsince 06/2018 · owns F of Thalia Street Partners LLC
- Randal Kurt Winrich · Member, Elected Managercontrolsince 06/2018 · owns 25% to 50% of Thalia Street Partners LLC
- Joseph David Joerger · Chief Compliance Officersince 07/2022 · owns less than 5%
Entity owners
- Thalia Street Partners LLC · Memberdirect · owns 75% or more
- Bpce · Shareholderindirect · owns 50% to 75% of Natixis
- Natixis · Shareholderindirect · owns 75% or more of Natixis Investment Managers
- Natixis Investment Managers · Shareholderindirect · owns 75% or more of Natixis Investment Managers Participations 1
- Natixis Investment Managers Participations 1 · Memberindirect · owns 75% or more of Natixis Investment Managers, LLC
- Natixis Investment Managers, LLC · Member Of Registrantdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Martin Capital Partners, LLCinvestment adviseryRAUM $290M
Advisers that list Wcm Investment Management as a related person
- 153452 y
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Laguna Beach, Ca · principal | 6 | 0 | 0 | ||
| Cincinnati, Oh | 2 | 0 | 0 | ||
| Eugene, Or | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cincinnati, OH7 employees
- Clayton, MO5 employees
- Denver, CO5 employees
- Eugene, OR4 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- office count dropChange between filings · filing Mar 12, 2026offices other than the principal office (Item 1.F.5) moved from 4.0 to 2.0 (-50.0%) between the annual amendments of 2025-03-31 and 2026-03-12; the peer median change was 0.0% (49 comparable advisers, 4.0th percentile of changes)peers: other advisers, $20B and over (49) · 4.2% percentile
- private fund count surgeChange between filings · filing Mar 12, 2026private funds (Schedule D 7.B.1) moved from 10.0 to 15.0 (+50.0%) between the annual amendments of 2025-03-31 and 2026-03-12; the peer median change was +2.0% (70 comparable advisers, 97.0th percentile of changes)peers: other advisers, $20B and over (70) · 97% percentile
What changed
consecutive filings, newest first
- Accounts · 6,438 to 6,728Jul 9, 2025 to Mar 12, 2026
- Advisory employees · 49 to 44Jul 9, 2025 to Mar 12, 2026
- BD registered reps · 12 to 13Jul 9, 2025 to Mar 12, 2026
- Charity clients · 268 to 286Jul 9, 2025 to Mar 12, 2026
- Corporate clients · 382 to 416Jul 9, 2025 to Mar 12, 2026
- HNW clients · 1,393 to 1,720Jul 9, 2025 to Mar 12, 2026
- Individual clients · 4,087 to 3,991Jul 9, 2025 to Mar 12, 2026
- Pooled vehicle clients · 117 to 128Jul 9, 2025 to Mar 12, 2026
- Assets in custody · $6.7B to $10.0MJul 9, 2025 to Mar 12, 2026
- Insurance-licensed employees · 4 to 0Jul 9, 2025 to Mar 12, 2026
- State-registered IARs · 14 to 9Jul 9, 2025 to Mar 12, 2026
- Other offices · 3 to 2Jul 9, 2025 to Mar 12, 2026
- Private funds · 10 to 15Jul 9, 2025 to Mar 12, 2026
- Discretionary RAUM · $75B to $97BJul 9, 2025 to Mar 12, 2026
- HNW RAUM · $4.4B to $5.6BJul 9, 2025 to Mar 12, 2026
- Individual RAUM · $1.8B to $1.8BJul 9, 2025 to Mar 12, 2026
- Pension RAUM · $5.9B to $7.2BJul 9, 2025 to Mar 12, 2026
- Pooled vehicle RAUM · $15B to $23BJul 9, 2025 to Mar 12, 2026
- RAUM · $75B to $97BJul 9, 2025 to Mar 12, 2026
- Wrap assets (manager) · $6.0B to $7.4BJul 9, 2025 to Mar 12, 2026
- Financial planning clients · unset to Mar 31, 2025 to Jul 9, 2025
- Other offices · 4 to 3Mar 31, 2025 to Jul 9, 2025
- Related adviser · true to falseMar 31, 2025 to Jul 9, 2025
- Accounts · 5,954 to 6,438Mar 15, 2024 to Mar 31, 2025
- Advisory employees · 43 to 49Mar 15, 2024 to Mar 31, 2025
- BD registered reps · 13 to 12Mar 15, 2024 to Mar 31, 2025
- Charity clients · 259 to 268Mar 15, 2024 to Mar 31, 2025
- Corporate clients · 374 to 382Mar 15, 2024 to Mar 31, 2025
- HNW clients · 1,255 to 1,393Mar 15, 2024 to Mar 31, 2025
- Individual clients · 3,757 to 4,087Mar 15, 2024 to Mar 31, 2025
- Pension plan clients · 104 to 102Mar 15, 2024 to Mar 31, 2025
- Pooled vehicle clients · 119 to 117Mar 15, 2024 to Mar 31, 2025
- Assets in custody · $5.7B to $6.7BMar 15, 2024 to Mar 31, 2025
- Employees · 93 to 102Mar 15, 2024 to Mar 31, 2025
- State-registered IARs · 15 to 14Mar 15, 2024 to Mar 31, 2025
- Private funds · 8 to 10Mar 15, 2024 to Mar 31, 2025
- Discretionary RAUM · $67B to $75BMar 15, 2024 to Mar 31, 2025
- HNW RAUM · $4.1B to $4.4BMar 15, 2024 to Mar 31, 2025
- Individual RAUM · $1.6B to $1.8BMar 15, 2024 to Mar 31, 2025
- Pension RAUM · $5.6B to $5.9BMar 15, 2024 to Mar 31, 2025
Signals
17 dated events
- Wcm Investment Management reported RAUM $96.8B, up 30% from $74.7B (2025-07-09 to 2026-03-12)Mar 12, 2026 · RAUM change · derived
- Andrew David Papendieck left Wcm Investment Management for Martin Capital Partners, Llc (registered 2026-01-02)Jul 8, 2025 · Advisor changed firm · fact
- Ryan Scott Adair no longer registered at Wcm Investment Management; no later IA registration on IAPDJul 8, 2025 · Advisor departure · fact
- Reid Christopher Weaver left Wcm Investment Management for Martin Capital Partners, Llc (registered 2026-01-02)Jul 8, 2025 · Advisor changed firm · fact
- Cameron King Martin no longer registered at Wcm Investment Management; no later IA registration on IAPDJul 8, 2025 · Advisor departure · fact
- 2 advisors left Wcm Investment Management (Laguna Beach, CA) for Martin Capital Partners, LLC on the same dayJul 8, 2025 · Team lift-out · derived
- Aaron Allen Reed left Wcm Investment Management for Stratos Wealth Advisors Llc (registered 2024-12-05)Oct 3, 2024 · Advisor changed firm · fact
- Victoria Kroehl (Chief Financial Officer) appeared on Schedule A of Wcm Investment ManagementMar 15, 2024 · Control person joined · fact
- Wcm Investment Management reported RAUM $60.5B, down 35% from $93.3B (2022-07-06 to 2023-03-17)Mar 17, 2023 · RAUM change · derived
- Andrew David Brewer (Chief Compliance Officer, Senior Vp) no longer on Schedule A of Wcm Investment Management (listed 2022-05-03, absent 2022-07-06)Jul 6, 2022 · Control person left · inference
- Wcm Investment Management reported RAUM $93.3B, up 30% from $71.7B (2021-07-07 to 2022-03-21)Mar 21, 2022 · RAUM change · derived
- Joseph David Joerger (Compliance Officer) appeared on Schedule A of Wcm Investment ManagementJul 7, 2021 · Control person joined · fact
- Wcm Investment Management reported RAUM $71.7B, up 68% from $42.7B (2020-05-29 to 2021-03-22)Mar 22, 2021 · RAUM change · derived
- Kuanglun Don Kuo (Deputy Chief Operating Officer, Secretary) appeared on Schedule A of Wcm Investment ManagementMar 22, 2021 · Control person joined · fact
- Wcm Investment Management reported RAUM $42.7B, up 61% from $26.5B (2019-04-16 to 2020-03-20)Mar 20, 2020 · RAUM change · derived
- Wcm Investment Management reported succeeding to the business of Another Adviser (Form ADV Item 4)Jul 10, 2018 · Succession (Item 4) · fact
- Wcm Investment Management reported RAUM $23.1B, up 65% from $14.0B (2017-05-31 to 2018-03-20)Mar 20, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Wcm Investment Management · Independent Sponsorsshared crd · capital_provider
- WCM Investment Management · Private Equityshared crd · organization
- WCM Investment Management · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/wcm-investment-managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- WCMINVEST.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 949-380-0200reportedpublic record, Form ADV, Aug 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $14Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026