Latest news with #Wilshire
Yahoo
14-05-2025
- Business
- Yahoo
AAM Partners with Wilshire to Expand Distribution of the Wilshire Private Assets Fund
Multi-strategy private markets fund provides investors with streamlined access to private equity, private credit, and real assets MONUMENT, Colo. and NEW YORK, May 14, 2025 /PRNewswire/ -- Advisors Asset Management (AAM), a leading investment solutions provider, and Wilshire, a leading global financial services firm, announced today a partnership for AAM to be the sole external sales distributor of the Wilshire Private Assets Fund (WPAFX) in the U.S. "AAM is thrilled to partner with Wilshire to bring the Wilshire Private Assets Fund to a broader audience of financial professionals," said Cliff Corso, CEO and CIO at AAM. "This collaboration aligns perfectly with our mission to make high-quality private markets investments more accessible to investors. Wilshire's deep expertise across a broad spectrum of private markets solutions make them an ideal fit to achieve that goal." Incorporating private markets in portfolios provides several potential benefits including diversification, enhanced income and the potential to amplify return. The Wilshire Private Assets Fund is an all-in-one private markets allocation, bringing Wilshire's best ideas that feature the same type of managers and strategies the firm delivers to its institutional clients. The fund is structured as an interval fund with investor and advisor friendly features including daily NAV, daily subscription via a ticket, low minimums and 1099 tax reporting. "Wilshire has witnessed firsthand the advantages of implementing a diversified private markets portfolio. Once exclusively available to large institutional investors, these strategies are now accessible to a broader range of investors through innovative product structures," said Jason Schwarz, CEO at Wilshire. "The Wilshire Private Assets Fund harnesses Wilshire's three decades of private markets expertise, offering a solution tailored for the RIA market. We're thrilled to partner with AAM's world-class team to distribute the Wilshire Private Assets Fund." The Wilshire Private Assets Fund focuses on building a well-diversified portfolio across core segments of the private markets, including private equity, private credit, and real assets. The Fund targets high-conviction opportunities sourced through Wilshire's deep relationships and rigorous due diligence process, emphasizing access to top-tier managers and funds that have historically been limited to large institutions. Its investment approach is designed to be opportunistic and flexible and will seek both long-term capital appreciation and current income through allocations to yield-generating private credit and income-oriented real assets. By blending primary fund commitments, secondary market opportunities, and select co-investments, the Fund aims to optimize liquidity, enhance diversification, and manage risk while capitalizing on trends and dislocations that are often less correlated with public markets. About Advisors Asset ManagementFor over 45 years, AAM has been a trusted resource for financial professionals. The firm offers access to alternatives, exchange-traded funds, fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts. AAM is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information, visit For the one-year period ending December 31, 2024, AAM facilitated over $32 billion in combined sales and investments through 15,300 financial professionals industry-wide who accessed AAM's investment solutions platform.* *Of the $32 billion, approximately $7 billion were Exchange-Traded Fund (ETF), Managed Account (SMA), Mutual Fund, and Unit Investment Trust (UIT) assets, while $25 billion was in Fixed Income securities, including bonds and Structured Products. Advisors Asset Management, Inc. (AAM) is a SEC-registered investment advisor and member FINRA/SIPC. | Registration does not imply a certain level of skill or training. | 18925 Base Camp Road | Monument, CO 80132 For more information, visit | X (Twitter): @aamlive | LinkedIn: About WilshireWilshire is a leading global financial services firm and trusted partner to a diverse range of approximately 300 leading institutional investors and financial intermediaries who rely on the firm to help improve investment outcomes for a better future. Wilshire advises on over $1.5 trillion in assets and manages $123 billion in assets as of December 31, 2024.* Wilshire is headquartered in the United States with offices worldwide. More information on Wilshire can be found at *Assets under advisement refers to the total amount of assets (inclusive of assets under management) attributable to all of Wilshire's advisory relationships, including various consulting and advisory relationships for which Wilshire provides investment advisory services without engaging, on either a discretionary or non-discretionary basis, in the direct management of a client's portfolio. Assets under management refers to the amount of assets attributable to securities portfolios for which Wilshire provides discretionary and non-discretionary asset management services and is calculated differently than "regulatory assets under management." CRN: 2025-0506-12549 R MEDIA CONTACTS For Advisors Asset ManagementMatthew BonoJConnelly(973) 590-9110mbono@ For Wilshirepro-wilshire@ Investing involves risk, including the possible loss of entire principal. Past performance is not indicative of future results. There is no guarantee that investment objectives will be achieved. Diversification neither guarantees a gain nor protects against a loss. Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy. No guarantee or representation is made that a Fund will achieve its investment objective, and investment results may vary substantially from year to year. Additional risks of investing in a Fund are set forth in the Fund's offering documents. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only a prospectus for Wilshire Private Assets Fund can make such an offer. Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus, which may be obtained by calling +1 855 520 7711. Investors should read the prospectus carefully before investing. Investment in the Fund may be made only by entities or natural persons that are "accredited investors" within the meaning of Regulation D under the 1933 Securities Act. The form of investment structure for this product is commonly known as a "master feeder" structure. The Wilshire Assets Markets Fund (the "WPA Fund" or the "Feeder Fund") invest substantially all of its assets in Wilshire Private Assets Master Fund (the "Master Fund"). The Master Fund and the Feeder Fund (each, a "Fund" and together, the "Funds") is a Delaware statutory trust registered under the Investment Company Act of 1940 ("1940 Act") as a non-diversified, closed-end management investment company. The Master Fund has the same investment objective and identical investment policies as those of the Feeder Fund. Therefore, the Feeder Fund's investment results will correspond directly to the investment results of the Master Fund. Certain risk factors below discuss the risks of investing in private markets investment funds ("Private Markets Investment Funds"). The Master Fund's investments generally will consist of investments in Private Markets Investment Funds. Accordingly, the Master Fund will be exposed to such risks directly through its investments in Private Markets Investment Funds. The Feeder Funds will be exposed to such risk indirectly through their investment in the Master Fund. Investments held in Private Markets Investment Funds may have liquidity constraints, and may not be suitable for all investors. The possibility that securities cannot be readily sold at approximately the price at which a portfolio has valued them may limit the Master Fund's ability to dispose of securities at a desirable time or price. No shareholder or other person holding shares acquired from a shareholder has the right to require a Fund to repurchase any shares. No public market for shares exists, and none is expected to develop in the future. Shares of the Master Fund may not be traded on any secondary market. Investors must have the financial ability, sophistication/experience, and willingness to bear the risks of an investment in Private Markets Investment Funds. Each Feeder Fund's principal office is located at One Freedom Valley Drive, Oaks, Pennsylvania 19456, and its telephone number is +1 855 520 7711. Wilshire Private Assets Fund is distributed by SEI Investments Distribution Co, One Freedom Valley Dr, Oaks, PA 19456, which is not affiliated with Wilshire or any of its affiliates. Third-party information contained herein has been obtained from sources believed to be reliable. Wilshire gives no representations or warranties as to the accuracy of such information, and accepts no responsibility or liability (including for indirect, consequential or incidental damages) for any error, omission or inaccuracy in such information and for results obtained from its use. Your financial advisor is responsible for reviewing your individual financial situation and needs to determine suitability of this or any investment program. THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. View original content to download multimedia: SOURCE Advisors Asset Management Sign in to access your portfolio
CBS News
09-05-2025
- General
- CBS News
LA Metro D Line subway to close for 2 months for expansion project
As Los Angeles Metro continues work on the D Line Subway Extension Project, the D, or Purple Line will close for a little over two months beginning May 17. The entire D Line, connecting downtown Los Angeles to the Westside, will be closed from May 17 through July 25 to connect the existing line with the new four-mile extension between Wilshire/ Western and Wilshire/ La Cienega. The project will include three new subway stations at Wilshire/La Brea, Wilshire/Fairfax, and Wilshire/La Cienega. The extension project began in 2019, with final work expected to be completed in 2027. D Line service will be suspended at the following stations: Union Station (D Line only; all other Union Station services remain open) Civic Center/Grand Park (B Line open) Pershing Square (B Line open) 7th Street/Metro Center (B Line open) Westlake/MacArthur Park (B Line open) Wilshire/Vermont (B Line open) Wilshire/Normandie (Station closed) Wilshire/Western (Station closed) Alternate transit options between Union Station and Wilshire/ Vermont: Metro B Line Alternate transit for Wilshire/Vermont and Wilshire/Western: Metro Line 855 Shuttle, running between Wilshire/Vermont, Wilshire/Normandie, and Wilshire/Western. Line 855 will align with B Line schedules. Additional bus service is available via Metro Lines 720 and 20 along Wilshire Boulevard.
USA Today
26-04-2025
- Business
- USA Today
As giant tech stocks stumble, diversified investment approaches look better again
Hear this story After a recent stock market decline, investors are reminded of the importance of a balanced investment portfolio. Diversification involves spreading investments across different asset classes like stocks, bonds, and real estate to mitigate risk. Financial advisors recommend rebalancing portfolios regularly to maintain diversification and capitalize on market fluctuations. Up until the last few weeks, some investors probably didn't think much about diversifying. Many were content to let their investment dollars ride on the backs of the "Magnificent Seven" giant technology stocks, which seemingly could only rise in value. But the recent stock-market stumble, spearheaded by Tesla and other tech giants, serves as a wake-up call that building a balanced investment portfolio should be taken seriously, and revisited at least once a year, if not sooner. The market stumble, or correction, came swiftly, knocking off more than 10% of the value of the FT Wilshire 5000 Index over three weeks. This broad index tracks more than 3,000 mostly U.S. stocks. Corrections refer to drops of at least 10%, with bear markets defined as declines of 20% or greater. Prices have bounced back a bit, though the upward momentum appears to have stalled amid rising anxiety over tariffs, lingering inflation issues, federal-workforce layoffs and other issues. Some giant tech stocks stumbled much more severely such as Tesla, which has lost roughly half its value since mid-December. 'The allure of chasing performance led some to evaluate whether diversification had lost its edge in an era dominated by a few unstoppable market leaders,' said Wilshire Associates in a recent commentary. But now, after declines focused on the big tech giants, Wilshire added that investors 'who remained patient and adhered to a balanced approach are now realizing the benefits of discipline and diversification.' Need a break? Play the USA TODAY Daily Crossword Puzzle. How to build a diversified investment portfolio Diversification is the strategy or process of spreading money among a mix or range of assets with different traits, especially risk levels. Diversifying among stocks means buying companies of different sizes and of varying industries and geographic footprints. It extends to different types of assets entirely, including bonds, real estate, gold, cash or money-market holdings. Mutual funds and exchange-traded funds often are used, especially to fill gaps where individual stocks or bonds might not be easy to select, such as with foreign markets. Professionals routinely follow a diversified approach, but it has been easy to ignore with giant tech stocks on such a roll until recently. "Big tech outperformed just about everything else last year," said Jenna Biancavilla, principal at Pearl Capital Management in Phoenix. "A lot of people who have written off international (stocks) or bonds aren't properly diversified." Jeff Young, senior wealth manager at Kierland Financial Group in Scottsdale, said he always recommends diversified portfolios for long-term investors. He rebalances once a year, a process that involves subtracting a bit of money from categories that have performed especially well and reinvesting the proceeds in laggards. Biancavilla said she favors rebalancing every quarter. The major asset categories Young favors are stocks, bonds, real estate and cash, including funds that own individual securities within those categories. Each of the categories has subgroups, he added. For example, equities or stocks can be broken down into U.S. or international, large or small, value or growth. The bond or fixed-income category might include government, corporate or tax-free municipal issues. Real estate can include individual properties, REITS (real estate investment trusts) or funds that hold these assets. "My usual advice is not go to more than 50% (of an investment portfolio) in real estate," Biancavilla said. A plan for riding out investment turmoil Diversified portfolios, with the differing risk and return traits of their individual components, essentially help investors devise a plan to help ride out corrections, like the one that began earlier this year and still might be ongoing. 'Corrections are part and parcel of the investment process, and smart investors understand that,' Young said. 'Most successful investors have a plan, and they stay with that plan irrespective of temporary market conditions.' Investment researcher Morningstar recently analyzed the mutual funds and exchange-traded funds that either created the most wealth or destroyed it over a recent 10-year period. Morningstar found that nine of the 15 best wealth-creating funds follow indexes and feature low costs, since their managers are not trying to pick individual stocks or bonds. Many of the biggest wealth-destroying funds were those that targeted narrow, specialized or volatile investment categories such as commodities, natural resources or emerging markets. Morningstar's definition of value creation or destruction measures total investment returns adjusted for a fund's size, reflecting the number of investors who hold the fund. 'Performance is less meaningful if few shareholders are around to benefit from it,' wrote Morningstar's Amy Arnott. The two top value-creating funds were Vanguard Total Stock Market Index and Vanguard 500 Index. For decades, portfolio diversification has been a cornerstone of investment strategy, widely accepted as a time-tested method to mitigate risk and weather market volatility, Wilshire said. But the recent hot streak of a relative handful of high-performing stocks tested the notion. 'We see this moment as a stark illustration of what successful investing demands: not just the foresight to build a diversified portfolio but the discipline to maintain it through market cycles,' Wilshire said. 'This recent bout of volatility serves as a reminder of the long-term enduring value proposition of diversification.' Reach the writer at
NBC Sports
21-04-2025
- Sport
- NBC Sports
Rookie Ingrid Lindblad wins first LPGA Tour event at JM Eagle LA Championship
LOS ANGELES — Ingrid Lindblad won the JM Eagle LA Championship on Sunday in her third start as an LPGA Tour member, avoiding a playoff when fellow rookie Akie Iwai bogeyed the final hole at El Caballero Country Club. Playing a group ahead of Iwai, Lindblad shot a 4-under 68 to finish at 21-under 277. The 25-year-old former LSU star from Sweden made the last of her six birdies on the par-5 11th and parred the final seven holes. She had two front-none bogeys. Iwai followed a third-round 64 with a 69 to fall a stroke short. The 22-year-old Japanese player's twin sister, Chisato, tied for 11th at 15 under after a 68. Iwai pulled even with Lindblad at 21 under with a birdie on the par-5 16th. After her drive went left and bounced twice on the cart path, Iwai hit a low cut around a tree to the front edge of the green and rolled a 75-foot eagle putt to inches. On the par-4 18th, Iwai drove to the right over a bunker into rough, then hit a 9-iron from 150 that bounced near the flag and went off the back edge. From a good lie in choppy rough, she ran the downhill chip past the hole and missed the comebacker. Lindblad got a break on the par-4 13th when her drive struck a tree on the left side and bounced into the fairway. She parred the hole to maintain a two-stroke lead. Lauren Coughlin (70), Esther Henseleit (64), Miyu Yamashita (66) tied for third at 19 under. Nasa Hataoka had a 63 to get to 18 under. Hannah Green, the winner each of the last two seasons at Wilshire Country Club, closed with a 67 to tie for ninth at 16 under. Second-ranked Jeeno Thitikul also was 16 under after a 69. Top-ranked Nelly Korda had a 72 to tie for 16th at 14 under in her final start before her title defense in the major Chevron Championship. The major event starts Thursday outside Houston at The Woodlands. The tournament — the final event of the tour's West Coast swing — was played at El Caballero because of renovations at Wilshire. It will return to Wilshire next season.
Yahoo
31-03-2025
- Business
- Yahoo
As giant tech stocks stumble, diversified investment approaches look better again
Up until the last few weeks, some investors probably didn't think much about diversifying. Many were content to let their investment dollars ride on the backs of the "Magnificent Seven" giant technology stocks, which seemingly could only rise in value. But the recent stock-market stumble, spearheaded by Tesla and other tech giants, serves as a wake-up call that building a balanced investment portfolio should be taken seriously, and revisited at least once a year, if not sooner. The market stumble, or correction, came swiftly, knocking off more than 10% of the value of the FT Wilshire 5000 Index over three weeks. This broad index tracks more than 3,000 mostly U.S. stocks. Corrections refer to drops of at least 10%, with bear markets defined as declines of 20% or greater. Prices have bounced back a bit, though the upward momentum appears to have stalled amid rising anxiety over tariffs, lingering inflation issues, federal-workforce layoffs and other issues. Some giant tech stocks stumbled much more severely such as Tesla, which has lost roughly half its value since mid-December. 'The allure of chasing performance led some to evaluate whether diversification had lost its edge in an era dominated by a few unstoppable market leaders,' said Wilshire Associates in a recent commentary. But now, after declines focused on the big tech giants, Wilshire added that investors 'who remained patient and adhered to a balanced approach are now realizing the benefits of discipline and diversification.' Diversification is the strategy or process of spreading money among a mix or range of assets with different traits, especially risk levels. Diversifying among stocks means buying companies of different sizes and of varying industries and geographic footprints. It extends to different types of assets entirely, including bonds, real estate, gold, cash or money-market holdings. Mutual funds and exchange-traded funds often are used, especially to fill gaps where individual stocks or bonds might not be easy to select, such as with foreign markets. Professionals routinely follow a diversified approach, but it has been easy to ignore with giant tech stocks on such a roll until recently. "Big tech outperformed just about everything else last year," said Jenna Biancavilla, principal at Pearl Capital Management in Phoenix. "A lot of people who have written off international (stocks) or bonds aren't properly diversified." More investment advice: Stocks have taken a beating. What should you do about your 401(k)? Jeff Young, senior wealth manager at Kierland Financial Group in Scottsdale, said he always recommends diversified portfolios for long-term investors. He rebalances once a year, a process that involves subtracting a bit of money from categories that have performed especially well and reinvesting the proceeds in laggards. Biancavilla said she favors rebalancing every quarter. The major asset categories Young favors are stocks, bonds, real estate and cash, including funds that own individual securities within those categories. Each of the categories has subgroups, he added. For example, equities or stocks can be broken down into U.S. or international, large or small, value or growth. The bond or fixed-income category might include government, corporate or tax-free municipal issues. Real estate can include individual properties, REITS (real estate investment trusts) or funds that hold these assets. "My usual advice is not go to more than 50% (of an investment portfolio) in real estate," Biancavilla said. Diversified portfolios, with the differing risk and return traits of their individual components, essentially help investors devise a plan to help ride out corrections, like the one that began earlier this year and still might be ongoing. 'Corrections are part and parcel of the investment process, and smart investors understand that,' Young said. 'Most successful investors have a plan, and they stay with that plan irrespective of temporary market conditions.' Investment researcher Morningstar recently analyzed the mutual funds and exchange-traded funds that either created the most wealth or destroyed it over a recent 10-year period. Morningstar found that nine of the 15 best wealth-creating funds follow indexes and feature low costs, since their managers are not trying to pick individual stocks or bonds. Many of the biggest wealth-destroying funds were those that targeted narrow, specialized or volatile investment categories such as commodities, natural resources or emerging markets. Morningstar's definition of value creation or destruction measures total investment returns adjusted for a fund's size, reflecting the number of investors who hold the fund. 'Performance is less meaningful if few shareholders are around to benefit from it,' wrote Morningstar's Amy Arnott. The two top value-creating funds were Vanguard Total Stock Market Index and Vanguard 500 Index. For decades, portfolio diversification has been a cornerstone of investment strategy, widely accepted as a time-tested method to mitigate risk and weather market volatility, Wilshire said. But the recent hot streak of a relative handful of high-performing stocks tested the notion. 'We see this moment as a stark illustration of what successful investing demands: not just the foresight to build a diversified portfolio but the discipline to maintain it through market cycles,' Wilshire said. 'This recent bout of volatility serves as a reminder of the long-term enduring value proposition of diversification.' Reach the writer at This article originally appeared on Arizona Republic: Why a diversified investment strategy is prudent when stocks fall Sign in to access your portfolio
