# Wharton Business Group, LLC

> 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.

- CRD: 133722
- Filed as: WHARTON BUSINESS GROUP, LLC
- Also doing business as: ALERA GROUP WEALTH SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Malvern, PA
- Filing period: October 2026
- Form ADV filing dated: August 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/133722
- AdvisorCensus page: https://advisorcensus.com/firm/wharton-business-group-llc-malvern-pa-133722

## Quick answers

**How is Wharton Business Group, LLC compensated?**
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.

**Where is Wharton Business Group, LLC located?**
Wharton Business Group, LLC's principal office is in Malvern, PA, according to its Form ADV.

**Is Wharton Business Group, LLC registered with the SEC or a state?**
Wharton Business Group, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 133722.

**How much does Wharton Business Group, LLC manage?**
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).

**How have Wharton Business Group, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Wharton Business Group, LLC serve?**
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).

**Which custodians does Wharton Business Group, LLC use?**
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.

**Does Wharton Business Group, LLC report any disciplinary disclosures?**
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

**What changed in Wharton Business Group, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $4,013,308,881 to $4,566,061,373 (+14%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $4,566,061,373
- Discretionary: $4,141,296,104
- Non-discretionary: $424,765,269

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 22 | $9,938,318 |
| High net worth individuals | 78 | $3,718,481,007 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $95,730,442 |
| Charitable organizations | 19 | $638,256,411 |
| Corporations or other businesses not listed above | Fewer than 5 | $103,655,195 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2009 (16 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NE, NH, NJ, PA, TX
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(1)(c): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133722

### Websites listed on Form ADV (Item 1.I)
- aleragroup.com
- whartonbusinessgroupllc.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,069,704,725 | 5 | March 3, 2021 |
| October 2022 | $3,439,553,254 | 5 | March 24, 2022 |
| October 2023 | $3,420,924,761 | 5 | March 2, 2023 |
| October 2024 | $3,652,379,932 | 5 | April 19, 2024 |
| October 2025 | $4,013,308,881 | 5 | June 26, 2025 |
| October 2026 | $4,566,061,373 | 5 | August 1, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,013,308,881 to $4,566,061,373 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wharton Business Group, LLC (CRD 133722): Form ADV filing data as of October 2026.