World Asset Management, Inc. is a large advisory firm based in Detroit. It manages $10.46 billion of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Michigan, and Texas.
World Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of World Asset Management, Inc. is $10.46 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -39% since the beginning of its operation, and $371.28 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay World Asset Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Marc L Scheuer is pooled investment vehicles with 1 clients and $6.73 billion of assets under management. Among the 8 most similar advisory firms, World Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $9.04 billion for 8 clients. 9% of the firm’s clients are foreign persons or businesses.
World Asset Management doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Marc L Scheuer has been acting as President since 1 Nov 2009. Theodore Duncan Miller has served as the Chief Investment Officer since 1 Dec 2008. Cynthia Jane Higgins joined the executive team most recently as the Director.
The principal office where World Asset Management, Inc. performs its advisory services is located at 411 West Lafayette Blvd., Detroit, MI 48226, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 313-222-3800 or by fax 313-222-1280. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at worldasset.com.