World Asset Management, Inc. (Detroit)

Name: World Asset Management, Inc.
Address: 411 West Lafayette Blvd., Detroit, MI, 48226
Telephone: 313-222-3800

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.

World Asset Management: assets under management

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 firm manages $10.46 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $91.76 million each.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is government bonds, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

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.

What kind of clients Marc L Scheuer serves?

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.

Careers at World Asset Management, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc Comerica Investment Services	Holding company	1 Sep 2006	75% - 100%	38-3136891
Todd Bruce Johnson	President & chief investment officer & director	1 Sep 2006	Other	2624075
Lisa Ann Walker	Director & chief compliance officer	1 Sep 2006	Other	2279913
Jessica Marie Pfeiffer	Director & assistant secretary	1 Sep 2006	Other	5245035
Carol Clark Walker	Treasurer	1 Sep 2006	Other	1199077
Dennis Jack Mooradian	Director & chairman	1 Sep 2006	Other	338698
Cheryl A Derezinski	Director	1 Sep 2006	Other	4764511
Janice Nichols Dominick	Director	1 Sep 2006	Other	5245566
Sajid M. Siddiqi	Director	1 Nov 2007	Other	4535702
Thad A Schaefer	Director/asst. secretary	1 Nov 2007	Other	5513481
Curtis Chatman Farmer	Director	1 Nov 2008	Other	1300239
Kenneth Arthur Schluchter	President	1 Dec 2008	Other	1092316
Theodore Duncan Miller	Chief investment officer	1 Dec 2008	Other	1580966
Marc L Scheuer	Director	1 Nov 2009	Other	2562372
David Keith Skolnik	Director & chairman	1 Nov 2009	Other	1515100
Kenneth Arthur Schluchter	Director/chief investment officer	1 May 2010	Other	1092316
Theodore Duncan Miller	Chief quantitative strategist	1 May 2010	Other	1580966
David Keith Skolnik	Director & chairman/president	1 May 2010	Other	1515100
Dennis Anthony Johnson	Director/vice chairman	1 Aug 2011	Other	1721280
Dennis Anthony Johnson	President / chairman / director and chief investment officer	1 May 2012	Other	1721280
Lawrence Joseph Granata	Chief compliance officer / director	1 Nov 2012	Other	1088599
Lisa Ann Walker	Director / chief operations officer	1 Nov 2012	Other	2279913
Randolph J Johanneck	Director	1 Nov 2013	Other	6306197
Gary Nmn Huitson	Director	1 Mar 2014	Other	6627245
Gary Huitson	Director	1 Mar 2014	Other	6627245
Laura Scroi Armstrong	Chief administrative officer	1 Mar 2015	Other	5006047
Thomas Joseph Oehmler	Director	1 Sep 2015	Other	6562176
Michael William Malone	President / chairman / director and chief investment officer	1 Jun 2016	Other	1246185
Crescenzo Christopher Scotto Divetta	Chief compliance officer / director	1 Aug 2016	Other	4185150
Joshua David Rockwell	Director	1 Aug 2016	Other	726803
Kenneth Michael Cherrier	Chief compliance officer	1 Oct 2017	Other	3135567
Raymond Anthony Basile	Director	1 Nov 2017	Other	832657
Laura Scroi Armstrong	Director	1 Feb 2018	Other	5006047
Cynthia Jane Higgins	Director	1 May 2019	Other	2192447

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Comerica Bank	Shareholder	1 Sep 2006	75% - 100%	38-0477375
Comerica Incorporated	Shareholder	1 Sep 2006	75% - 100%	38-1998421

Based in Detroit

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.