First Wilshire Securities Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$330,086,786
Clients
275
Advisors
5
of 9 employees
About
First Wilshire provides discretionary investment management to individuals (including high‑net‑worth clients), corporate and charitable entities, and also manages pooled investment vehicles through two affiliated private funds. Its service offerings include separately managed accounts, custom portfolio management, and periodic financial review services.
The firm employs a value‑oriented, small‑ and micro‑cap equity investment style for most separately managed accounts, relying on fundamental analysis supported by company contact, on‑site visits, filings and other research sources; custom portfolios are designed using tactical allocation to reflect specific client objectives. Investment decisions are made by an investment committee, and the firm uses block trading and algorithmic execution tools as part of its trading and allocation processes.
What distinguishes First Wilshire from many peers is its role as a sponsor/manager of affiliated private funds and its management of pooled vehicles alongside individual accounts; these funds are managed under incentive fee arrangements with hurdle provisions that differ from its asset‑based SMA fees. The funds may pursue investments (for example, options and private placements) that are not generally available to SMAs, and the firm describes allocation procedures, compliance reviews and restrictions (such as prohibiting fund net‑short positions in SMA holdings) to address potential conflicts arising from overlapping securities and employee investments in the funds.
Client services
Expertise
Fee options
Financial Review Services fixed fee of $1,000
$0 - $1,000,000: 1.75% annually over $1 million - $30 million: 1.50% annually over $30 million - $50 million: 1.25% annually over $50 million+: Negotiable
Performance fees only for affiliated private funds; none for SMA clients
Account minimum: $500,000 Fee-only: Financial Review Services at a fixed fee of $1,000
Main office
200 South Los Robles Ave., Suite 620
Pasadena CA 91101
Advisors at this office
5
Most active in
Arizona · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Illinois · Kentucky · Maryland · Massachusetts · Michigan · Minnesota · Nevada · New Hampshire · New Jersey · New York · North Carolina · Ohio · Oregon · Pennsylvania · South Carolina · Tennessee · Texas · Virginia · Washington
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Feliks Z
CFP®, CFA®, Series 66
Pasadena, CA
First Wilshire Securities Management, Inc.
Feliks Zlochistyy is a CFP®, CFA®, and Series 66 credentialed advisor with 19 years of industry experience. He has been with First Wilshire Securities Management, Inc. since 2006. First Wilshire provides discretionary investment management to individuals, high-net-worth clients, pension and institutional accounts, and sponsors two affiliated private funds. The firm employs a value-oriented investment approach focused on small- and micro-cap U.S. and foreign equities, utilizing fundamental research and direct company contacts.
William C
CFP®, CFA®, Series 66
Pasadena, CA
First Wilshire Securities Management, Inc.
William Caton is a CFP® and CFA® with 23 years of industry experience, currently serving at First Wilshire Securities Management, Inc. since 1998. He is a co-manager of Moose Mountain, LLC, a family-owned business that leases land and equipment for maple syrup production. First Wilshire provides discretionary investment management to individuals, high-net-worth clients, pension and institutional accounts, and sponsors two affiliated private funds. The firm employs a value-oriented approach focused on small- and micro-cap equities, using fundamental research and direct company engagement.
Scott H
CFP®, CFA®, Series 63
Pasadena, CA
First Wilshire Securities Management, Inc.
Scott Hood is a CFP® and CFA® with 33 years of industry experience, currently serving at First Wilshire Securities Management, Inc. since 1998. He holds a controlling ownership interest and officer roles in affiliated management entities Lake Street Management, LLC and Mount Wilson Management, LLC. First Wilshire Securities Management, Inc. provides discretionary investment management to individuals, high-net-worth clients, pension and institutional accounts, focusing on a value-oriented approach to small- and micro-cap U.S. and foreign equities. The firm manages separately managed accounts and affiliated private funds, employing fundamental research and an investment committee to guide portfolio decisions.
Howard L
CFP®, CFA®, Series 66
Pasadena, CA
First Wilshire Securities Management, Inc.
Howard Lu is a CFP®, CFA®, and Series 66 licensed advisor with 20 years of experience. He has been with First Wilshire Securities Management, Inc. since 2004. Mr. Lu is an owner and officer of Lake Street Management, LLC and Mount Wilson Management, LLC, which serve as general partners to affiliated private funds, maintaining a controlling ownership interest in these entities. First Wilshire Securities Management provides discretionary investment management to individuals, high-net-worth clients, pension and institutional accounts, and sponsors affiliated private funds. The firm employs a value-oriented investment approach focused on small- and micro-cap U.S. and foreign equities, utilizing fundamental research and direct company engagement.
Thomas H
Series 63
Pasadena, CA
First Wilshire Securities Management, Inc.
Thomas Hanson is a financial advisor at First Wilshire Securities Management, Inc. with 39 years of industry experience. He has been with First Wilshire since 2010 and also serves as Chairman and President of Trivest Capital Management, Inc., where he has worked since 1993. Hanson holds a Series 63 designation. First Wilshire provides discretionary investment management to individuals, corporations, and charitable entities, focusing on a value-oriented, small- and micro-cap equity investment style. The firm manages both separately managed accounts and affiliated private funds, employing fundamental research and tactical portfolio allocation.
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