WB Advisors Texas LLC

WB Advisors Texas LLC provides discretionary portfolio management services primarily to pooled investment vehicles and investment companies rather than individual retail clients. The firm reports no current advisory clients or assets under management but anticipates managing institutional or pooled accounts and establishing Investment Policy Statements for each account it serves.

The firm generally limits its investment advice to real estate funds (including REITs) and private placements, using fundamental and quantitative analysis with a long-term trading orientation to implement client strategies under discretionary authority. For qualified accounts it combines an asset-based management fee with a performance-based fee (including a 20% carry and a high-water mark), a compensation approach that can create incentives toward higher‑risk, higher‑return investments.

Noteworthy elements relative to peers include an affiliation with an entity that manages a private fund, which may present conflicts if the firm recommends that fund to pooled vehicles it advises, and the firm’s disclosure that it may be deemed to have custody of assets invested in pooled vehicles it manages. The brochure also discloses potential receipt of soft‑dollar research benefits and a practice of not aggregating block trades for multiple accounts, operational features that differ from many managers that routinely aggregate trades and avoid soft‑dollar arrangements.