{ "crd_number": 133722, "slug": "wharton-business-group-llc-malvern-pa-133722", "primary_business_name": "WHARTON BUSINESS GROUP, LLC", "legal_name": "WHARTON BUSINESS GROUP, LLC", "dbas": [ "ALERA GROUP WEALTH SERVICES" ], "city": "Malvern", "state": "PA", "country": "United States", "cbsa_code": "37980", "metro": { "cbsa_code": "37980", "common_name": "Philadelphia", "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD", "path": "/advisors/pa/philadelphia" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2009-11-13", "years_registered": 16, "period": "2026-10-01", "filing_date": "2026-08-01", "carried_forward": false, "raum_total": 4566061373.0, "raum_discretionary": 4141296104.0, "raum_non_discretionary": 424765269.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 5, "advisory_employees": 3, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 638256411.0, "count": 19 }, "individuals": { "raum": 9938318.0, "count": 22 }, "pension_profit_sharing": { "raum": 95730442.0, "count": null, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 3718481007.0, "count": 78 }, "corporations_other_businesses": { "raum": 103655195.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 1, "states_registered": [ "FL", "NE", "NH", "NJ", "PA", "TX" ], "websites": [ "https://aleragroup.com", "https://whartonbusinessgroupllc.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/133722", "disclosure_items": [ { "item": "11.H(1)(c)", "question": "Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?" } ], "city_as_filed": "MALVERN", "url": "https://advisorcensus.com/firm/wharton-business-group-llc-malvern-pa-133722", "display_name": "Wharton Business Group, LLC", "summary": "Wharton Business Group, LLC is an SEC-registered investment advisory firm in Malvern, PA, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 1, 2026.", "citation": "AdvisorCensus. Wharton Business Group, LLC (CRD 133722): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services" ], "quick_answers": [ { "q": "How is Wharton Business Group, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Wharton Business Group, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Wharton Business Group, LLC located?", "a": "Wharton Business Group, LLC's principal office is in Malvern, PA, according to its Form ADV." }, { "q": "Is Wharton Business Group, LLC registered with the SEC or a state?", "a": "Wharton Business Group, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 133722." }, { "q": "How much does Wharton Business Group, LLC manage?", "a": "Wharton Business Group, LLC reports $4,566,061,373 in regulatory assets under management in its Form ADV filing dated August 1, 2026 (91% discretionary)." }, { "q": "How have Wharton Business Group, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Wharton Business Group, LLC: Regulatory assets under management: $3,069,704,725 in the October 2021 data and $4,566,061,373 in the October 2026 data, up 49%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Wharton Business Group, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (78); individuals (other than high net worth individuals) (22); charitable organizations (19)." }, { "q": "Which custodians does Wharton Business Group, LLC use?", "a": "Wharton Business Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Wharton Business Group, LLC report any disciplinary disclosures?", "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(1)(c) (regulator's civil action dismissed under a settlement). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133722" }, { "q": "What changed in Wharton Business Group, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $4,013,308,881 to $4,566,061,373 (+14%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3069704725.0, "total_employees": 5, "filing_date": "2021-03-03" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3439553254.0, "total_employees": 5, "filing_date": "2022-03-24" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3420924761.0, "total_employees": 5, "filing_date": "2023-03-02" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3652379932.0, "total_employees": 5, "filing_date": "2024-04-19" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4013308881.0, "total_employees": 5, "filing_date": "2025-06-26" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4566061373.0, "total_employees": 5, "filing_date": "2026-08-01" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $4,013,308,881 to $4,566,061,373 (+14%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "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/wharton-business-group-llc-malvern-pa-133722.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 22, "fewer_than_5": false, "raum": 9938318.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 78, "fewer_than_5": false, "raum": 3718481007.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": null, "fewer_than_5": true, "raum": 95730442.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 19, "fewer_than_5": false, "raum": 638256411.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 103655195.0 } ], "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.", "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/133722", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }