Wabash Capital, Inc.

Wabash Capital manages discretionary investment portfolios for individuals (including high‑net‑worth and non‑HNW clients), trusts, corporations, foundations/endowments, pensions and 401(k) plans, using individual stocks, bonds, ETFs, mutual funds and, on a limited basis, partnership interests. The firm operates as a fee‑only registered investment adviser focused on investment management rather than standalone financial or tax planning, though those factors are considered in portfolio decisions.

The firm describes a top‑down, fundamental investment process that begins with a macroeconomic view and applies valuation and profitability metrics to construct risk‑based portfolios comprised of low‑correlation security classes. Tactical shifts in asset allocation are driven largely by market valuations — the brochure identifies the CAPE ratio as a primary driver — and Wabash generally remains fully invested with a low‑turnover, long‑term orientation.

Distinctive features include a substantial amount of non‑regulatory, non‑discretionary assets reported in the brochure that materially increase the firm’s total assets under management relative to its reported regulatory AUM, and explicit ERISA plan capabilities offering both non‑discretionary (3(21)) and discretionary (3(38)) plan services. The firm also discloses arrangements to pay referral fees to independent marketing representatives and reports a prior internal misconduct matter involving a former executive who was found to have misappropriated funds from a church and is paying restitution.