Wharton Business Group, Llc
- Regulatory AUM
- $4.6B
- Discretionary
- $4.1B
- Clients
- 119
- Avg AUM / client
- $38.4M
- Accounts
- 337
- Employees
- 5
AUM over time
Annual snapshots from Form ADV filings · as of Aug 01, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 22 | $9.9M | 0.22% |
| High net worth individuals | 78 | $3.7B | 81.4% |
| Pension and profit sharing plans | Fewer than 5 clients | $95.7M | 2.1% |
| Charitable organizations | 19 | $638M | 14.0% |
| Corporations and other businesses | Fewer than 5 clients | $104M | 2.27% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Retirement Plan For Employees Of Indiana Regional Medical Center Indiana Regional Medical Center | 2024 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Billy Joe Webster | Chief Compliance Officer | Sep 2009 (17y) | Less than 5% | |
| Matthew Sullivan Delaney | Registered representative | Dec 2009 (17y) | ||
| Marc Alexander Hembrough | Registered representative | Dec 2009 (17y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Alera Group Inc | Direct Owner | Jun 2022 | A | 75% or more |
| Alera Group Ultimate Holidngs | Indirect Owner | Jun 2022 | B | ≈ 31.64% – 100% via Alera Group Holdings Inc |
| Alera Group Holdings Inc | Indirect Owner | Jun 2022 | B | ≈ 42.19% – 100% via Alera Group Intermediate Holdings |
| Alera Group Intermediate Holdings | Indirect Owner | Jun 2022 | B | ≈ 56.25% – 100% via Alera Group Inc |
| Genstar Capital Partners | Indirect Owner | Jun 2022 | B | ≈ 1.98% – 25% via Genstar X Alera Group Holdings |
| Genstar X Alera Group Holdings | Indirect Owner | Jun 2022 | B | ≈ 7.91% – 50% via Alera Group Ultimate Holidngs |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Alera Group Ultimate Holidngs: 75% – 100% of Alera Group Holdings Inc × 75% – 100% of Alera Group Intermediate Holdings × 75% – 100% of Alera Group Inc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Alera Group Holdings Inc: 75% – 100% of Alera Group Intermediate Holdings × 75% – 100% of Alera Group Inc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Alera Group Intermediate Holdings: 75% – 100% of Alera Group Inc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Genstar Capital Partners: 25% – 50% of Genstar X Alera Group Holdings × 25% – 50% of Alera Group Ultimate Holidngs × 75% – 100% of Alera Group Holdings Inc × 75% – 100% of Alera Group Intermediate Holdings × 75% – 100% of Alera Group Inc × 75% – 100% direct ≈ 1.98% – 25% of the firm
- Genstar X Alera Group Holdings: 25% – 50% of Alera Group Ultimate Holidngs × 75% – 100% of Alera Group Holdings Inc × 75% – 100% of Alera Group Intermediate Holdings × 75% – 100% of Alera Group Inc × 75% – 100% direct ≈ 7.91% – 50% 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.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Retirement Plan For Employees Of Indiana Regional Medical Center | Indiana Regional Medical Center | 362 | $77.9M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.24 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ERISA PROHIBITED TRANSACTIONS - BREACH OF FIDUCIARY DUTY Status: Final Summary: CLASS ACTION REPRESENTATIVE ALLEGES RESPONDENTS FSC CORPORATION AND REPRESENTATIVES BREACHED THEIR FIDUCIARY DUTY AND ENGAGED IN AN ERISA PROHIBITED TRANSACTION AND FOLLOWED AN IMPRUDENT INVESTMENT STRATEGY.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $4.4B (96% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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: Aug 01, 2026.
View current Form ADV (SEC/IAPD) ↗