Investment adviser · CRD 171971

FIRST WILSHIRE SECURITIES MANAGEMENT, INC.

PASADENA, CA, United States · Form ADV filed Mar 28, 2023

Regulatory AUM
$307M
Form ADV · Item 5.F
Client accounts
274
Accounts, not individual clients
Employees
11
Reported in this filing
Advisory professionals
7
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$180M$359MFY 2021: $359,077,070.00FY 2021FY 2022: $307,358,589.00FY 2022

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$359,077,07011Mar 30, 2022
2022$307,358,58911Mar 28, 2023

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
High-net-worth individuals184$230,774,56375.1%
Pooled investment vehicles2$43,712,83714.2%
Individuals79$13,550,9924.4%
Corporations & businesses4$13,049,3784.2%
Retirement plans5$6,270,8192.0%
Filing source

Form ADV 1736414 · Mar 28, 2023 · Item 5.D

Reported by FIRST WILSHIRE SECURITIES MANAGEMENT, INC. (CRD 171971).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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

2 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.

LAKE STREET FUND, L.P.Hedge Fund$37.6MGross 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 ALPS LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor EISNERAMPER LLP SAN FRANCISCO, California, United States Other funds reporting this name →
Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISO, California, 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

EISNERAMPER LLP
PCAOB 274

CHARLES SCHWAB & CO., INC.
SEC 8-16514

Fund details & source
Fund ID
805-8753145776
Reported beneficial owners
25
Minimum commitment
$1M
Form D file number
021-51496

Form ADV 1736414 · Mar 28, 2023 · Schedule D 7.B.(1)

Reported by FIRST WILSHIRE SECURITIES MANAGEMENT, INC. (CRD 171971).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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.

MOUNT WILSON GLOBAL FUND, L.P.Hedge Fund$6.16MGross 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 ALPS LOS ANGELES, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor EISNERAMPER LLP SAN FRANCISCO, California, United States Other funds reporting this name →
Custodian UMB BANK KANSAS CITY, Missouri, 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

EISNERAMPER LLP
PCAOB 274

Fund details & source
Fund ID
805-4752343957
Reported beneficial owners
22
Minimum commitment
$500K
Form D file number
021-145636

Form ADV 1736414 · Mar 28, 2023 · Schedule D 7.B.(1)

Reported by FIRST WILSHIRE SECURITIES MANAGEMENT, INC. (CRD 171971).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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 Mar 30, 2022 · previous imported filing

  • Regulatory AUM$359,077,070 → $307,358,589
  • Client accounts271 → 274
Filing source

Form ADV 1736414 · Mar 28, 2023 · Items 1 & 5

Reported by FIRST WILSHIRE SECURITIES MANAGEMENT, INC. (CRD 171971).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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
$307M
Non-discretionary
$0

Reported services

Financial planning · Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

1214 EAST GREEN STREET, SUITE 104
PASADENA, CA, 91106-3171, United States

CRD 171971

Filing source

Form ADV 1736414 · Mar 28, 2023 · Items 1 & 5

Reported by FIRST WILSHIRE SECURITIES MANAGEMENT, INC. (CRD 171971).

Annual Updating Amendment for Registered Adviser · fiscal year 2022.

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.