Asset Management
Asset Management offers asset management and investment strategies.
- Company typePublic
- Founded-
- HeadquartersLos Angeles, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Asset Management does
Asset Management, doing business as Wildermuth Fund, is a former NASDAQ-listed public mutual fund (ticker: WESFX) that provided investment management and portfolio administration services to investors seeking returns through diversified fund offerings. The fund was originally managed by Wildermuth Advisory, founded by Daniel and Carol Wildermuth, and operated from Los Angeles, United States, with a headcount of 11-50 employees.
The fund's core product was investment management targeting institutional and retail investors, though specific product details, underlying technology, and pricing models are not disclosed in available sources. The corporate website (assetmanagementinc.com) is currently inaccessible behind a captcha verification screen, providing no substantive product or technical information. Per the firm's own scale commentary, the fund's infrastructure footprint was substantial prior to its decline, with partnerships referencing Sun Life Global Investments managing over $63 billion across its platform.
The business model has catastrophically failed. Beginning from March 2022, the fund's investment value and NAV declined precipitously; by October 2024, investment value had dropped 63.6% and NAV had declined 73.7% from peak levels. In June 2023, the Board of Trustees approved a liquidation plan. In November 2023, founders Daniel and Carol Wildermuth resigned and BW Asset Management Ltd., a Kroll subsidiary, replaced Wildermuth Advisory as the investment adviser. Kroll subsequently revised NAV to below $2.00 per share, an 80% reduction from peak. Multiple securities class action lawsuits have been filed alleging the fund and its executives violated federal securities laws by miscalculating investment values, propping up failing portfolio companies with cash infusions, and intentionally inflating NAV. The company is currently in liquidation with control effectively transferred to Kroll.
Asset Management firmographics
Firmographics- Name
- Asset Management
- Legal name
- Asset Management, Inc
- Website
- https://www.assetmanagementinc.com
- Company type
- Public
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- Asset Management offers asset management and investment strategies.
- Ownership category
- akta.pro rank
Asset Management industry classification
Industry- Product category
- Mutual Funds
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Index Mutual Funds (Non-ETF) (FSAAAEAE)
Keywords
Where Asset Management is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Markets served
Asset Management business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Asset Management product offering
Product offeringCore offering
Asset Management operated the Wildermuth Fund, a publicly traded mutual fund listed on NASDAQ (ticker WESFX) that provided diversified investment management and portfolio administration to investors. Following significant NAV declines beginning in March 2022, the fund's Board of Trustees approved a liquidation plan in June 2023, and operations are being wound down.
Product overview
No product or service information available. The source data contains only a robot challenge/captcha verification page which does not provide substantive information about the company's offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Wildermuth Fund A public mutual fund (NASDAQ: WESFX) that provided diversified investment management and portfolio administration for institutional and retail investors. Originally advised by Wildermuth Advisory and currently in liquidation following Board-approved wind-down.
Companies that use Asset Management
Customer profileIdeal customer profiles2 records
Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Asset Management partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights1 record
Asset Management competitors and assessment
Company assessmentDirect peers
- Karpus Investment Management: Independent registered investment adviser managing equity and fixed-income mutual funds for retail and institutional clients; directly comparable as a small-to-mid sized mutual fund sponsor with overlapping investor base.
- Bright Rock Capital Management: Operates actively managed mutual funds (e.g., Bright Rock Mid Cap Growth) with a sub-adviser model similar in structure to Wildermuth's arrangement; directly comparable mutual fund sponsor with single-strategy offerings.
- Osterweis Capital Management: Mutual fund sponsor managing the Osterweis funds with active equity and income strategies; comparable as a focused, boutique public mutual fund manager targeting retail and advisor channels.
- First Pacific Advisors: Manages FPA Funds, a family of mutual funds (e.g., FPA Crescent) with active, value-oriented strategies; comparable as a boutique mutual fund sponsor with public-facing fund products.
- Ariel Investments: Sponsor of Ariel Funds mutual funds with active small/mid-cap equity strategies; directly comparable boutique mutual fund manager serving similar investor segments.
Broad incumbents
- Kroll: Parent organization whose subsidiary (BW Asset Management) now acts as investment adviser to the Wildermuth Fund; provides governance, risk, and valuation infrastructure that defines the asset manager's operating context.
- BlackRock: World's largest asset manager with extensive mutual fund lineup; comparable in product category and as the incumbent benchmark for retail fund distribution and pricing.
- Vanguard: One of the largest mutual fund complexes globally; relevant peer for understanding industry economics, fund pricing, and distribution dynamics affecting boutique sponsors.
- Allspring Global Investments: Large, diversified US-based asset manager with active mutual funds across multiple categories; relevant peer for understanding boutique-to-mid-market fund sponsor economics and distribution.
Regional players
- Sun Life Global Investments: Asset management arm of Sun Life managing over $63B and recently launching ETFs on the Toronto Stock Exchange; comparable in product line-up (mutual funds/ETFs) though primarily Canada-domiciled versus Wildermuth's US structure.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Asset Management social profiles
Digital presenceAsset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Asset Management leadership team
Management profileNumber of profiles
Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Asset Management
What does Asset Management do?
Asset Management operated the Wildermuth Fund, a publicly traded mutual fund listed on NASDAQ (ticker WESFX) that provided diversified investment management and portfolio administration to investors. Following significant NAV declines beginning in March 2022, the fund's Board of Trustees approved a liquidation plan in June 2023, and operations are being wound down.
Is Asset Management a public or private company?
Asset Management is a public company. It is classified as corporate owned and is currently closed.
When was Asset Management founded?
Asset Management was founded in -1. It employs 11 to 50 people.
Where is Asset Management based?
Asset Management is headquartered in Los Angeles, United States, in the North America region.
Who are Asset Management's main competitors?
Direct peers on record are Karpus Investment Management, Bright Rock Capital Management, Osterweis Capital Management, First Pacific Advisors and Ariel Investments. Broad incumbents are Kroll, BlackRock, Vanguard and Allspring Global Investments. Sun Life Global Investments is listed as a regional player.
Does Asset Management have an API?
No public API is recorded for Asset Management.
What industry is Asset Management in?
Asset Management's product category is Mutual Funds. Its primary akta.pro industry code is FSAAAEAE, Index Mutual Funds (Non-ETF). Its NAICS code is 523940 and its SIC code is 6282.