Wcm Investment Management, Llc
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 104702
· SEC file 801-11916
· Laguna Beach, CA
· www.linkedin.com
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ADV data as of Mar 12, 2026
- Regulatory AUM
- $96.8B
- Discretionary
- $96.8B
- Clients
- 6,735
- Avg AUM / client
- $14.4M
- Accounts
- 6,728
- Employees
- 102
AUM over time
$1.4B
$96.8B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 12, 2026
Asset allocation (SMA assets by investment type)
as of Mar 12, 2026
Exchange-traded equities
$93.9B
97%
Cash & equivalents
$2.9B
3%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 3,991 | $1.8B | 1.9% |
| High net worth individuals | 1,720 | $5.6B | 5.78% |
| Investment companies | 35 | $34.2B | 35.3% |
| Pooled investment vehicles (non-investment companies) | 128 | $22.8B | 23.5% |
| Pension and profit sharing plans | 102 | $7.2B | 7.44% |
| Charitable organizations | 286 | $3.1B | 3.15% |
| State or municipal government entities | 51 | $8.7B | 9.02% |
| Insurance companies | 3 | $463M | 0.48% |
| Sovereign wealth funds and foreign official institutions | 3 | $5.4B | 5.6% |
| Corporations and other businesses | 416 | $7.5B | 7.79% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $5.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Wcm Focused International Growth Fund Lp | Other Private Fund | Delaware | $4.9B | 143 |
| Wcm Focused Global Growth Fund Lp | Other Private Fund | Delaware | $290M | 11 |
| Wcm Focused Emerging Markets Fund Lp | Other Private Fund | Delaware | $186M | 11 |
| Wcm International Small Cap Growth Fund Lp | Other Private Fund | Delaware | $179M | 20 |
| Wcm Partners Lp/De | Hedge Fund | Delaware | $159M | 19 |
| Wcm Partners Spv I Lp | Private Equity Fund | Delaware | $23.1M | 2 |
| Wcm Partners Spv U | Private Equity Fund | Delaware | $2.6M | 1 |
| Wcm Focused International Opportunities Fund Lp | Other Private Fund | Delaware | $0 | 1 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Local Union 1158 I.B.E.W. Pension Fund Pa Board Of Trustees Of The Local Union 1158 I.B.E.W. Pension Fund Pa | 2024 | |
| Ironworkers National Pension Plan Ironworkers National Pension Plan Board Of Trustees | 2024 | |
| New York District Council Of Carpenters Pension Pl Board Of Trustees Of Nycdcc Pension Fund | 2024 | |
| Sheet Metal Workers Local Union No. 80 Pension Fund Trustees Of Sheet Metal Workers Local Union No. 80 Pension Fund | 2024 | |
| Roofers Local 149 Pension Fund Roofers Local 149 Pension Fund | 2024 | |
| Ua Plumbers Local 24 Pension Fund Plumbers Pension Fund Local 24 Board Of Trustees | 2024 | |
| Heavy And General Laborers' Local Unions 472 And 172 Of New Jersey Pension Fund Board Of Trustees H&Gl Local Unions 472 & 172 Of Nj Pension Fund | 2024 | |
| Hess Corporation Employees' Pension Plan Hess Corporation | 2024 | |
| Citi Retirement Savings Plan For Puerto Rico Citibank, N.A. Puerto Rico, A Subsidiary Of Citigroup Inc. | 2024 | |
| Citi Retirement Savings Plan Citigroup Inc. | 2024 | |
| Jersey Shore State Bank Retirement Plan Jersey Shore State Bank | 2024 | |
| Annuity Fd Of The Iuoe Local Union 94, 94 A, 94 B Afl Cio Bd Of Trustees Annuity Fund Of The Iuoe Lcl Union 94, 94 A, 94 B Afl Cio | 2024 | |
| Stoel Rives Retirement Plan Stoel Rives Llp | 2024 | |
| Marin General Hospital Retirement Plan Marinhealth Medical Center | 2024 | |
| Retirement Plan For The Employees Of Museum Associates Museum Associates, D/B/A Los Angeles County Museum Of Art | 2024 | |
| Thompson Machinery Commerce Corp Profit Sharing Plan Thompson Machinery Commerce Corp | 2024 | |
| John Muir Health Retirement Plan John Muir Health | 2024 | |
| H E B Savings & Retirement Plan H.E.Butt Grocery Company | 2024 | |
| American Commercial Barge Line Llc Pension Plan American Commercial Barge Line Llc | 2024 | |
| Michigan Electrical Employees' Pension Plan Trustees Of Michigan Electrical Employees' Pension Fund | 2024 | |
| Ibew Local 269 Pension Plan Ibew Local 269 Pension Fund | 2024 | |
| Spectrum Health Pension Plan Corewell Health | 2024 | |
| Local 338 Retirement Fund Trustees Local 338 Retirement Fund | 2024 |
People (14)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Paul Russell Black | President/Ceo | Dec 2002 (24y) | ≈ 18.75% – 50% via Thalia Street Partners Llc | |
| Payne, Sloane, Waller | Chief Operations Officer, Senior Vp | Oct 2004 (22y) | Less than 5% | |
| Trigg, Mike, Brady | President, Portfolio Manager | Jun 2018 (8y) | Less than 5% | |
| Winrich, Kurt, Randal | Chairman | Jun 2018 (8y) | ≈ 18.75% – 50% via Thalia Street Partners Llc | |
| Kuo, Don, Kuanglun | Deputy Chief Operating Officer, Secretary | Jan 2021 (6y) | Less than 5% | |
| Joerger, David, Joseph | Chief Compliance Officer | Jul 2022 (4y) | Less than 5% | |
| Kroehl, Victoria | Chief Financial Officer | Dec 2023 (3y) | Less than 5% | |
| Jonathon Michael Detter | Registered representative | CFA | Mar 2017 (9y) | |
| Chad Edward Hoffman | Registered representative | Mar 2020 (6y) | ||
| John Matthew Macarthur | Registered representative | Feb 2023 (3y) | ||
| Andrew Neil Buchanan | Registered representative | Feb 2024 (2y) | ||
| Trace Wilson Thurlby | Registered representative | Mar 2024 (2y) | ||
| Anthony Bernard Glickhouse | Registered representative | CFA | Jul 2024 (2y) | |
| Patrick Francis Mcgee | Registered representative | CFA | Jul 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Thalia Street Partners Llc | Member | Jun 2018 | A | 75% or more |
| Natixis Investment Managers, Llc | Member Of Registrant | Jan 2024 | A | 10% – 25% |
| Natixis Investment Managers Participations 1 | Member | Jun 2005 | B | ≈ 7.5% – 25% via Natixis Investment Managers, Llc |
| Natixis Investment Managers | Shareholder | Aug 2004 | B | ≈ 5.63% – 25% via Natixis Investment Managers Participations 1 |
| Natixis | Shareholder | Sep 2011 | B | ≈ 4.22% – 25% via Natixis Investment Managers |
| Bpce | Shareholder | Jul 2009 | B | ≈ 2.11% – 18.75% via Natixis |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Paul Russell Black: 25% – 50% of Thalia Street Partners Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Winrich, Kurt, Randal: 25% – 50% of Thalia Street Partners Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Natixis Investment Managers Participations 1: 75% – 100% of Natixis Investment Managers, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Natixis Investment Managers: 75% – 100% of Natixis Investment Managers Participations 1 × 75% – 100% of Natixis Investment Managers, Llc × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Natixis: 75% – 100% of Natixis Investment Managers × 75% – 100% of Natixis Investment Managers Participations 1 × 75% – 100% of Natixis Investment Managers, Llc × 10% – 25% direct ≈ 4.22% – 25% of the firm
- Bpce: 50% – 75% of Natixis × 75% – 100% of Natixis Investment Managers × 75% – 100% of Natixis Investment Managers Participations 1 × 75% – 100% of Natixis Investment Managers, Llc × 10% – 25% direct ≈ 2.11% – 18.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (8, $5.8B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Wcm Focused International Growth Fund Lp | Other Private Fund | $4.9B | $10.0M | 143 |
| Wcm Focused Global Growth Fund Lp | Other Private Fund | $290M | $5.0M | 11 |
| Wcm Focused Emerging Markets Fund Lp | Other Private Fund | $186M | $5.0M | 11 |
| Wcm International Small Cap Growth Fund Lp | Other Private Fund | $179M | $5.0M | 20 |
| Wcm Partners Lp/De | Hedge Fund | $159M | $10.0K | 19 |
| Wcm Partners Spv I Lp | Private Equity Fund | $23.1M | $10.0M | 2 |
| Wcm Partners Spv U | Private Equity Fund | $2.6M | $0 | 1 |
| Wcm Focused International Opportunities Fund Lp | Other Private Fund | $0 | $5.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (23)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Local Union 1158 I.B.E.W. Pension Fund Pa | Board Of Trustees Of The Local Union 1158 I.B.E.W. Pension Fund Pa | 0 | $33.8M | 11/01/2024 |
| Ironworkers National Pension Plan | Ironworkers National Pension Plan Board Of Trustees | 2,852 | $503M | 07/01/2024 |
| New York District Council Of Carpenters Pension Pl | Board Of Trustees Of Nycdcc Pension Fund | 10,331 | $5.4B | 07/01/2024 |
| Sheet Metal Workers Local Union No. 80 Pension Fund | Trustees Of Sheet Metal Workers Local Union No. 80 Pension Fund | 1,348 | $422M | 06/01/2024 |
| Roofers Local 149 Pension Fund | Roofers Local 149 Pension Fund | 1,102 | $334M | 06/01/2024 |
| Ua Plumbers Local 24 Pension Fund | Plumbers Pension Fund Local 24 Board Of Trustees | 569 | $208M | 05/01/2024 |
| Heavy And General Laborers' Local Unions 472 And 172 Of New Jersey Pension Fund | Board Of Trustees H&Gl Local Unions 472 & 172 Of Nj Pension Fund | 7,670 | $1.8B | 04/01/2024 |
| Hess Corporation Employees' Pension Plan | Hess Corporation | 1,520 | $1.9B | 01/01/2024 |
| Citi Retirement Savings Plan For Puerto Rico | Citibank, N.A. Puerto Rico, A Subsidiary Of Citigroup Inc. | 103 | $50.1M | 01/01/2024 |
| Citi Retirement Savings Plan | Citigroup Inc. | 74,487 | $23.2B | 01/01/2024 |
| Jersey Shore State Bank Retirement Plan | Jersey Shore State Bank | 23 | $25.5M | 01/01/2024 |
| Annuity Fd Of The Iuoe Local Union 94, 94 A, 94 B Afl Cio | Bd Of Trustees Annuity Fund Of The Iuoe Lcl Union 94, 94 A, 94 B Afl Cio | 5,885 | $1.8B | 01/01/2024 |
| Stoel Rives Retirement Plan | Stoel Rives Llp | 650 | $560M | 01/01/2024 |
| Marin General Hospital Retirement Plan | Marinhealth Medical Center | 1,946 | $164M | 01/01/2024 |
| Retirement Plan For The Employees Of Museum Associates | Museum Associates, D/B/A Los Angeles County Museum Of Art | 313 | $56.5M | 01/01/2024 |
| Thompson Machinery Commerce Corp Profit Sharing Plan | Thompson Machinery Commerce Corp | 791 | $57.7M | 01/01/2024 |
| John Muir Health Retirement Plan | John Muir Health | 5,166 | $630M | 01/01/2024 |
| H E B Savings & Retirement Plan | H.E.Butt Grocery Company | 113,055 | $4.3B | 01/01/2024 |
| American Commercial Barge Line Llc Pension Plan | American Commercial Barge Line Llc | 188 | $171M | 01/01/2024 |
| Michigan Electrical Employees' Pension Plan | Trustees Of Michigan Electrical Employees' Pension Fund | 2,271 | $545M | 01/01/2024 |
| Ibew Local 269 Pension Plan | Ibew Local 269 Pension Fund | 858 | $220M | 01/01/2024 |
| Spectrum Health Pension Plan | Corewell Health | 2,032 | $229M | 01/01/2024 |
| Local 338 Retirement Fund | Trustees Local 338 Retirement Fund | 1,749 | $607M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/12/2026 | 4.31 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- J.P. Morgan $5.5B (6% of AUM) Mar 2026
- State Street $5.4B (7% of AUM) Jul 2021
- Northern Trust $3.8B (5% of AUM) Jul 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 12, 2026.
View current Form ADV (SEC/IAPD) ↗