First Wilshire Securities Management, Inc.
- Regulatory AUM
- $415M
- Discretionary
- $415M
- Clients
- 286
- Avg AUM / client
- $1.5M
- Accounts
- 286
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of May 05, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 73 | $24.4M | 5.88% |
| High net worth individuals | 202 | $306M | 73.6% |
| Pooled investment vehicles (non-investment companies) | 2 | $55.7M | 13.4% |
| Pension and profit sharing plans | 4 | $8.8M | 2.11% |
| Corporations and other businesses | 5 | $20.9M | 5.03% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $45.7M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Lake Street Fund, L.P. | Hedge Fund | Delaware | $38.9M | 25 |
| Mount Wilson Global Fund, L.P. | Hedge Fund | Delaware | $6.8M | 21 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Thomas Herbert Hanson | S.V.P. | Feb 2010 (17y) | Less than 5% | |
| Howard Haoming Lu | President & Ceo | CFP CFA | Sep 2014 (12y) | 50% – 75% |
| Scott William Hood | Chairman | CFP CFA | Sep 2014 (12y) | 25% – 50% |
| William Adam Caton | Portfolio Manager | CFP CFA | Sep 2014 (12y) | 10% – 25% |
| Green, Nicole, Elizabeth | Coo | Nov 2018 (8y) | 10% – 25% | |
| Feliks Zlochistyy | Registered representative | CFP CFA | Sep 2014 (12y) |
Undisclosed: 0% – 5% of the firm is not attributable from the filed Schedule A bands.
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 (2, $45.7M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Lake Street Fund, L.P. | Hedge Fund | $38.9M | $1.0M | 25 |
| Mount Wilson Global Fund, L.P. | Hedge Fund | $6.8M | $500K | 21 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/05/2026 | 1.32 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
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Charles Schwab & Co. $371M (89% of AUM) May 2026
- Wedbush Securities Inc. $31.5M (11% of AUM) Mar 2021
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: May 05, 2026.
View current Form ADV (SEC/IAPD) ↗