On September 14, 2016, WAM Capital, LLC, a subsidiary of WEDBUSH, Inc., announced that it had made a direct investment in Los Angeles-based independent investment manager Chelsea Management Company.
Chelsea Management Company was founded in 1971. Its primarily focus on managing equity-oriented and fixed income accounts for a client-base of individuals, insurance companies, endowment funds, religious organizations, employee benefit plans, pooled investment vehicles, pension and profit sharing plans, charitable organizations and corporations. It currently has over $600 million in assets under management.
WAM Capital, LLC is an investment entity owned by WEDBUSH, Inc., an investment firm focused on broker dealers, registered investment advisors, private and public equity funds and financial technology companies. WAM Capital, LLC focuses on providing an investment platform for wealth management-related firms and Registered Investment Advisors.
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