Wilshire
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$149,102,543,671
This total excludes 760,289 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Total clients
109,978
0% high-net worth
Total advisors
1
of 307 employees
Firm size
Investment Manager
May not manage individual clients
Average clients per advisor
109,978
Average account size
$1,355,749
About
Wilshire Advisors LLC serves primarily institutional investors, pooled vehicles, and financial intermediaries, offering investment consulting and management to funds, accounts and intermediaries. Its services include asset allocation, manager research, portfolio construction, OCIO (outsourced chief investment officer) solutions, and both discretionary and non‑discretionary portfolio implementations for Wilshire‑sponsored funds, registered investment companies, and separate accounts.
The firm follows an analytics‑driven approach that emphasizes asset allocation as a key determinant of long‑term outcomes and implements client plans through manager selection and portfolio construction. Wilshire combines quantitative and rules‑based analytics with delegated trading to Trading Advisors where appropriate, and discloses use of artificial intelligence tools to support manager research and other business operations.
Wilshire is notable among peers for its scale and range of institutional services: the brochure reports multiple offices and a client base that includes central and custodial banks, insurance companies, pension plans, state and municipal entities, and investment companies, and it serves as adviser or sub‑adviser to a variety of pooled vehicles. The firm is also registered as a Commodity Pool Operator and Commodity Trading Advisor, operates proprietary analytics products (Wilshire Compass and Wilshire Trust Universe Comparison Services), acts as an index provider (the Wilshire Index Series), participates in wrap programs (receiving a share of wrap fees), and provides regular client communications such as fact sheets and market commentary.
Client services
Portfolio management
Pension consulting
Selection of other advisers
Newsletters or periodicals
Educational seminars or workshops
Expertise
Wealth management
Private / alternative investments
Occupation focus
Founder/Business Owner
Financial Professional
Fee options
Fixed retainer fees from $35,000 to $4 million for non-discretionary advisory services; $250,000 to $3 million for risk management consulting; fixed retainer fees for Wilshire Compass and Wilshire Trust Universe Comparison Services, amount varies by usage.
$0 - $25 million: Not explicitly stated, fees negotiable $25 million+: Separate account management fees generally between 0.50% and 1.00% (50 to 100 basis points) on committed or invested capital $0+: Discretionary advisory services typically 0.05% to 0.65% (5 to 65 basis points) on assets under management $0+: Life-cycle or targeted retirement date investment programs typically 0.03% to 0.25% (3 to 25 basis points) on assets under management $0+: Financial intermediaries asset-based fees typically 0.02% to 0.50% (2 to 50 basis points); fees for hedge fund of fund strategies range from 0.10% to 1.20% (10 to 120 basis points) $0+: Fees for access to hedge fund strategies on the Wilshire Managed Account Platform range from 0.25% to 0.75% (25 to 75 basis points)
Performance fees generally charged on profits earned; can be up to 20% in certain hedge fund of fund strategies; details vary by client and are disclosed in agreements.
Account minimum: $25 million Minimum fee: Minimum annual fee of $100,000 per investor for Wilshire Solutions Funds Trust; minimum fee may be waived at Wilshire's discretion.
Main office location
Wilshire
1299 Ocean Avenue Suite 600
Santa Monica CA 90401-1085, United States
Number of offices
6
Most active in
Wilshire has reported serving >5 clients in these states in the last 12 months.
Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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