{ "crd_number": 104702, "slug": "wcm-investment-management-laguna-beach-ca-104702", "primary_business_name": "WCM INVESTMENT MANAGEMENT", "legal_name": "WCM INVESTMENT MANAGEMENT, LLC", "dbas": [], "city": "Laguna Beach", "state": "CA", "country": "United States", "cbsa_code": "31080", "metro": { "cbsa_code": "31080", "common_name": "Los Angeles", "msa_name": "Los Angeles-Long Beach-Anaheim, CA", "path": "/advisors/ca/los-angeles" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1976-08-12", "years_registered": 50, "period": "2026-10-01", "filing_date": "2026-08-31", "carried_forward": false, "raum_total": 96772599352.0, "raum_discretionary": 96772599352.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 102, "advisory_employees": 44, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 3050575133.0, "count": 286 }, "individuals": { "raum": 1842491710.0, "count": 3991 }, "banking_thrift": { "raum": 0.0, "count": 0 }, "state_municipal": { "raum": 8728904631.0, "count": 51 }, "insurance_companies": { "raum": 462707659.0, "count": 3 }, "investment_companies": { "raum": 34150535099.0, "count": 35 }, "pension_profit_sharing": { "raum": 7204063040.0, "count": 102 }, "other_investment_advisers": { "raum": 0.0, "count": 0 }, "high_net_worth_individuals": { "raum": 5593430329.0, "count": 1720 }, "pooled_investment_vehicles": { "raum": 22783615736.0, "count": 128 }, "corporations_other_businesses": { "raum": 7538348586.0, "count": 416 }, "business_development_companies": { "raum": 0.0, "count": 0 }, "sovereign_wealth_foreign_official": { "raum": 5417927429.0, "count": 3 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "other", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "PR", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VI", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://linkedin.com/company/wcm-investment-management", "https://wcminvest.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104702", "city_as_filed": "LAGUNA BEACH", "url": "https://advisorcensus.com/firm/wcm-investment-management-laguna-beach-ca-104702", "display_name": "WCM Investment Management", "summary": "WCM Investment Management is an SEC-registered investment advisory firm in Laguna Beach, CA, registered since 1976, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 31, 2026.", "citation": "AdvisorCensus. WCM Investment Management (CRD 104702): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Other" ], "quick_answers": [ { "q": "How is WCM Investment Management compensated?", "a": "On its Form ADV (Item 5.E, October 2026), WCM Investment Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is WCM Investment Management located?", "a": "WCM Investment Management's principal office is in Laguna Beach, CA, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is WCM Investment Management registered with the SEC or a state?", "a": "WCM Investment Management is an SEC-registered investment advisory firm, registered since 1976. Status as filed: Approved. CRD 104702." }, { "q": "How much does WCM Investment Management manage?", "a": "WCM Investment Management reports $96,772,599,352 in regulatory assets under management in its Form ADV filing dated August 31, 2026 (100% discretionary)." }, { "q": "How have WCM Investment Management's assets and staff changed since 2021?", "a": "In the Form ADV data for WCM Investment Management: Regulatory assets under management: $71,698,081,762 in the October 2021 data and $96,772,599,352 in the October 2026 data, up 35%. Total employees: 72 in October 2021 and 102 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does WCM Investment Management serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,991); high net worth individuals (1,720); corporations or other businesses not listed above (416)." }, { "q": "Which custodians does WCM Investment Management use?", "a": "WCM Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase & Co. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does WCM Investment Management report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104702" }, { "q": "What changed in WCM Investment Management's recent Form ADV filings?", "a": "In the September 2026 filing data: Added an office in Dallas, TX. No longer lists an office in Cincinnati, OH. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 71698081762.0, "total_employees": 72, "filing_date": "2021-07-07" }, { "period": "2022-10-01", "regulatory_assets_under_management": 93301352169.0, "total_employees": 75, "filing_date": "2022-07-06" }, { "period": "2023-10-01", "regulatory_assets_under_management": 60537932174.0, "total_employees": 79, "filing_date": "2023-03-17" }, { "period": "2024-10-01", "regulatory_assets_under_management": 66610357250.0, "total_employees": 93, "filing_date": "2024-03-15" }, { "period": "2025-10-01", "regulatory_assets_under_management": 74688235740.0, "total_employees": 102, "filing_date": "2025-07-09" }, { "period": "2026-10-01", "regulatory_assets_under_management": 96772599352.0, "total_employees": 102, "filing_date": "2026-08-31" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Added an office in Dallas, TX.", "No longer lists an office in Cincinnati, OH.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 49 to 44.", "Regulatory assets under management went from $74,688,235,740 to $96,772,599,352 (+30%).", "No longer lists an office in Denver, CO." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "JP Morgan Chase & Co.", "name_as_filed": "JP MORGAN CHASE & CO.", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/wcm-investment-management-laguna-beach-ca-104702.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 3991, "fewer_than_5": false, "raum": 1842491710.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 1720, "fewer_than_5": false, "raum": 5593430329.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 35, "fewer_than_5": false, "raum": 34150535099.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 128, "fewer_than_5": false, "raum": 22783615736.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 102, "fewer_than_5": false, "raum": 7204063040.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 286, "fewer_than_5": false, "raum": 3050575133.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 51, "fewer_than_5": false, "raum": 8728904631.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": 0, "fewer_than_5": false, "raum": 0.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 3, "fewer_than_5": false, "raum": 462707659.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": 3, "fewer_than_5": false, "raum": 5417927429.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 416, "fewer_than_5": false, "raum": 7538348586.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104702", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }