Overview
WCM provides investment supervisory services to its Clients, which consist of individuals,
high-net-worth individuals, individual retirement and profit-sharing plans, charitable
institutions, foundations, and private investment funds (individually, a “Client,” collectively,
“Clients”). These services include, but are not limited to: (1) a discussion of each Client’s
investment objectives; (2) buying or selling securities on the Client’s behalf; and (3)
periodically reviewing each Client’s portfolio.
WCM acts as an investment advisor to its Clients by managing the cash, equity securities,
fixed income securities, and any other securities that may be held in each Client’s account.
WCM is able to tailor its investment advisory services to the individual investment objectives
and risk tolerances of its separately managed account Clients. Subject to the mutual written
agreement of both parties, Clients may impose certain restrictions on the securities that are
held in that Client’s account.
In addition, certain Clients of WCM are investors
in the Wallace Capital Management Fund,
L.P. (the “WCM Fund”), of which WCM is the general partner, and to which WCM acts as the
investment advisor. Furthermore, certain Clients of WCM are investors in the Avalon
Wallace Investment Fund, L.P. (the “Avalon Wallace Fund”), of which WCM is a member of
the general partner, Avalon Wallace Investment Management, LLC, and to which WCM acts
as the investment advisor. Because the WCM Fund and the Avalon Wallace Fund are each
commingled investment limited partnerships, individual investors are not able to impose
investment restrictions on WCM’s management of the WCM Fund or the Avalon Wallace
Fund.
WCM is an independent investment advisory firm that was founded on May 1, 2002. The
firm’s principal owner is Scott Wallace, and majority of the ownership interest of the firm is
held by its employees.
As of December 31, 2023, WCM managed Client assets on a discretionary basis in the amount
of $1,177,718,708 and managed Clients on a non-discretionary basis in the amount of
$13,730,749.