# Wilshire

> Wilshire is an SEC-registered investment advisory firm in Santa Monica, CA, registered since 1990, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 6210
- Filed as: WILSHIRE
- Legal name: Wilshire Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Santa Monica, CA
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/6210
- AdvisorCensus page: https://advisorcensus.com/firm/wilshire-santa-monica-ca-6210

## Quick answers

**How is Wilshire compensated?**
On its Form ADV (Item 5.E, October 2026), Wilshire reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other.

**Where is Wilshire located?**
Wilshire's principal office is in Santa Monica, CA, according to its Form ADV; the October 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is Wilshire registered with the SEC or a state?**
Wilshire is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 6210.

**How much does Wilshire manage?**
Wilshire reports $149,102,543,671 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (99% discretionary).

**How have Wilshire's assets and staff changed since 2021?**
In the Form ADV data for Wilshire: Regulatory assets under management: $82,791,465,583 in the October 2021 data and $149,102,543,671 in the October 2026 data, up 80%. Total employees: 265 in October 2021 and 307 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wilshire serve?**
By number of clients on Form ADV Item 5.D: other investment advisers (662,119); pension and profit sharing plans (but not the plan participants or government pension plans) (94,431); other (3,581).

**Which custodians does Wilshire use?**
Wilshire's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists American Enterprise Investment Services Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Wilshire report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(2) (another regulator's finding of a violation). 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/6210

**What changed in Wilshire's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 96 to 86. Regulatory assets under management went from $99,099,327,356 to $149,102,543,671 (+50%). Changed its office addresses in Pittsburgh, PA. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- American Enterprise Investment Services 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: $149,102,543,671
- Discretionary: $148,243,494,931
- Non-discretionary: $859,048,740

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 4 | $1,836,765,134 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 101 | $41,576,337,099 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 94,431 | $8,514,374,384 |
| Charitable organizations | 19 | $498,614,268 |
| State or municipal government entities (including government pension plans) | 29 | $1,509,310,194 |
| Other investment advisers | 662,119 | $92,381,181,836 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | 5 | $49,203,159 |
| Corporations or other businesses not listed above | Fewer than 5 | $12,348 |
| Other | 3,581 | $2,736,745,249 |

### Advisory services (Item 5.G)
- 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
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1990 (36 years)
- Employees: 307 total, 86 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

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/6210

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Amsterdam
- Broomfield, CO
- Chicago, IL
- New York, NY
- Pittsburgh, PA

### Websites listed on Form ADV (Item 1.I)
- wilshire.com
- LinkedIn @parklexington
- LinkedIn @wilshireadvisors
- X @W5000
- X @ftw5000
- X @wilshireadvisor
- X @wilshireassoc
- X @wilshireconsult

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $82,791,465,583 | 265 | May 20, 2021 |
| October 2022 | $96,494,557,024 | 310 | September 9, 2022 |
| October 2023 | $95,554,572,990 | 273 | July 18, 2023 |
| October 2024 | $94,873,146,068 | 298 | August 23, 2024 |
| October 2025 | $99,099,327,356 | 270 | July 31, 2025 |
| October 2026 | $149,102,543,671 | 307 | October 1, 2026 |

Regulatory assets under management: $82,791,465,583 in the October 2021 data and $149,102,543,671 in the October 2026 data, up 80%.
Total employees: 265 in October 2021 and 307 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 96 to 86.
- Regulatory assets under management went from $99,099,327,356 to $149,102,543,671 (+50%).
- Changed its office addresses in Pittsburgh, PA.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wilshire (CRD 6210): Form ADV filing data as of October 2026.