Loading
Tap on the profile icon to edit
your financial details.

WCM Investment Management Review

Your Details Done
by Updated
WCM Investment Management, LLC

Headquartered in Laguna Beach, California, WCM Investment Management, LLC is a fee-only firm with more than $26.5 billion in assets under management (AUM). The financial advisor provides services to a range of institutional clients, but it also serves individuals through separately managed accounts. 

WCM Investment Management Background

WCM was founded in 1976 as an independent asset management firm. The advisor provides investment advisory services on a discretionary basis, and it specializes in equity investments. Its key owners are Kurt Winrich, Paul Black, Sloan Payne, Pete Hunkel, Mike Trigg, Sanjay Ayer, David Brewer, Matt MacArthur, Duff Daniels, Bill Orke and Andrew Wiechert. 

The firm’s ownership is managed through Thalia Street Partners, a holding company. 

What Types of Clients Does WCM Investment Management Accept?

WCM provides services to institutional clients, including pension and profit sharing plans, business entities, endowments, charitable organizations, foundations, trusts and public funds. It also offers advisory services to high-net-worth and non-high-net-worth individuals, mutual funds and private funds. 

WCM Investment Management Minimum Account Sizes

WCM generally requires a minimum account size of $20 million for separately managed accounts. It may waive this, depending on client circumstances. For WCM funds, each fund’s private placement memorandum, prospectus or offering memorandum specifies the minimum investment requirements.  

Services Offered by WCM Investment Management

WCM offers the following investment advisory services:

  • Portfolio management 
  • Model portfolio recommendations for other advisors

Investment Philosophy

WCM says it bases its investment approach off four principles: differentiation, simplicity, culture and temperament. Through these principles the firm strives to achieve long-term, excess return. The advisor also strongly believes in employing multiple strategies to ensure the best investment results for its clients. 

The firm uses a bottom-up, fundamental analysis approach that focuses on many factors, including competitive advantages, long-horizon growth prospects and valuation. In addition, structural differentiation, company culture, focused portfolio and temperament are four key elements that guide its investment strategies. 

Fees Under WCM Investment Management

For separately managed accounts, WCM charges 1% of AUM, and clients must have a minimum account size of $20 million. The management fees are payable quarterly in advance, and the final fee is based on AUM on the last business day of each calendar quarter. The management fees and minimums are negotiable, and WCM may charge lower fees or waive minimums depending on certain client criteria, including: historical relationships, related accounts, anticipated future earning capacity or account composition. 

WCM mutual funds pay management fees, shareholder service fees and other expenses. The exact fees are specified in each fund’s prospectus. Fees for private funds are also specified in each fund’s prospectus. The fee is payable quarterly, based on the net asset value of the capital account on the first day of each calendar quarter. Fees for the firm’s Canadian Fund, Australian Funds and UCITs are specified in each fund’s disclosure documents.

The firm may also charge performance-based fees upon client request. 

What to Watch Out For

WCM offers advisory services to accounts that are charged an asset-based fee and accounts that are charged a performance-based fee. The firm acknowledges that this may incentivize advisors to prioritize the accounts through which they earn performance-based fees. But it employs preventative measures, such as order aggregation and trade rotation, in an effort to place clients’ interests first. 

Disclosures 

The firm does not have any disclosures, according to its most recently filed Form ADV.

Opening an Account With WCM Investment Management

You’ll have a few options for getting in touch with WCM if you’re interested in opening an account. You can reach out to an advisor through the firm’s contact form, or you can visit or call the firm’s office at (949) 380-0200.

 

Where is WCM Investment Management Located? 

WCM only has one office which is located in Laguna Beach, California at 281 Brooks Street.

Tips for Investment

  • Whether you’re focusing on financial planning, retirement planning or investing, expert advice can greatly improve your financial situation. SmartAsset’s free financial advisor matching service can help you narrow down your search. All you’ll need to do is complete a short questionnaire about your finances, and the tool will pair you with up to three local advisors suitable to your savings goals.
  • If you’re interested in investing, but aren’t sure how much your money could potentially earn you over time, consider using our free investment calculator

All information was accurate as of the writing of this article. 

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research