Investment adviser · CRD 6210

WILSHIRE

WILSHIRE ADVISORS LLC

SANTA MONICA, CA, United States · Form ADV filed Apr 30, 2026

Regulatory AUM
$149B
Form ADV · Item 5.F
Client accounts
650,319
Accounts, not individual clients
Employees
307
Reported in this filing
Advisory professionals
86
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$74.6B$149BFY 2021: $96,494,557,024.00FY 2021FY 2022: $95,554,572,990.00FY 2022FY 2023: $94,873,146,068.00FY 2023FY 2024: $99,099,327,356.00FY 2024FY 2025: $149,102,543,671.00FY 2025

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal yearRegulatory AUMEmployeesFiled
2021$96,494,557,024310Mar 31, 2022
2022$95,554,572,990273Mar 31, 2023
2023$94,873,146,068298Mar 30, 2024
2024$99,099,327,356270Mar 31, 2025
2025$149,102,543,671307Apr 30, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Other investment advisers662,119$92,381,181,83662.0%
Pooled investment vehicles101$41,576,337,09927.9%
Retirement plans94,431$8,514,374,3845.7%
Other clients3,581$2,736,745,2491.8%
Investment companies4$1,836,765,1341.2%
Government entities29$1,509,310,1941.0%
Charities19$498,614,2680.3%
Sovereign wealth & foreign institutions5$49,203,1590.0%
Corporations & businessesFewer than 5$12,3480.0%
Banks & thriftsFewer than 5$00.0%
Insurance companiesFewer than 5$00.0%
Filing source

Form ADV 2101664 · Apr 30, 2026 · Item 5.D

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Private funds & service providers

93 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

WILSHIRE SELECTIVE OPPORTUNITIES PROGRAM SPC - WILSOP SEGREGATED PORTFOLIO 1Hedge Fund$150MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian SOCIETE GENERALE SECURITIES SERVICES, SGSS (IRELAND) LIMITED DUBLIN, Ireland Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

SOCIETE GENERALE SECURITIES SERVICES, SGSS (IRELAND) LIMITED
LEI 635400KMTVZWMVBM1U81

Fund details & source
Fund ID
805-8083560347
Reported beneficial owners
2
Minimum commitment
$5M
Form D file number
021-332097

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE SOLUTIONS TRUST-US EQUITY FUNDHedge Fund$147MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian BNY MELLON TRUST OF DELAWARE EVERETT, Massachusetts, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

KPMG LLP
PCAOB 185

BNY MELLON TRUST OF DELAWARE
LEI 549300UDYBJ7YTTMJP92

Fund details & source
Fund ID
805-3096615514
Reported beneficial owners
9
Minimum commitment
$5M
Form D file number
021-194811

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WM ALTERNATIVES TOPS LONG/SHORT EQUITY FUND LLCHedge Fund$142MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands Other funds reporting this name →
Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LTD.
PCAOB 1655

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source
Fund ID
805-9136968879
Reported beneficial owners
125
Minimum commitment
$100K
Form D file number
021-321518

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE EUROPEAN VENTURE CAPITAL FUND II SCSPPrivate Equity Fund$140MGross asset value
Fund administrator FIDUCENTER S.A. LUXEMBOURG, Luxembourg Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor KPMG AUDIT S.A R.L. LUXEMBOURG, Luxembourg Other funds reporting this name →
Custodian BGL BNP PARIBAS SOCIETE ANONYME LUXEMBOURG, Luxembourg Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG AUDIT S.A R.L.
PCAOB 2831

BGL BNP PARIBAS SOCIETE ANONYME
LEI UAIAINAJ28P30E5GWE37

Fund details & source
Fund ID
805-3181766067
Reported beneficial owners
13
Minimum commitment
$5.88M

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE BVV EUROPE, L.P. (SERIES VI)Private Equity Fund$140MGross asset value
Fund administrator U.S. BANCORP FUND SERVICES, LLC (D/B/A U.S. BANK GLOBAL FUND SERVICES) MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source
Fund ID
805-3897298524
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

MILL CREEK WILSHIRE PRIVATE EQUITY 2024, L.P.Private Equity Fund$136MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator U.S. BANCORP FUND SERVICES, LLC (D/B/A U.S. BANK GLOBAL FUND SERVICES) MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source
Fund ID
805-7264057214
Reported beneficial owners
99
Minimum commitment
$500K
Form D file number
021-535857

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

MILL CREEK WILSHIRE PRIVATE EQUITY 2022, L.P.Private Equity Fund$129MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator U.S. BANCORP FUND SERVICES, LLC (D/B/A U.S. BANK GLOBAL FUND SERVICES) MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →
Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source
Fund ID
805-3017328100
Reported beneficial owners
104
Minimum commitment
$500K
Form D file number
021-445212

Form ADV 2101664 · Apr 30, 2026 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Apr 17, 2026 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2101664 · Apr 30, 2026 · Items 1 & 5

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary
$148B
Non-discretionary
$859M

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Pension consulting · Selection of other advisers · Publication of newsletters · Educational seminars

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

1299 OCEAN AVENUE SUITE 600
SANTA MONICA, CA, 90401-1085, United States

CRD 6210

Filing source

Form ADV 2101664 · Apr 30, 2026 · Items 1 & 5

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.