Disclosures
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Important Policies, Disclosures and Terms of Use
Welcome to the First Wilshire Securities Management, Inc. (“FWSM” or “First Wilshire”) web site. Please read the following important legal information before continuing. By using this site, you are accepting our conditions of use. If you do not agree with these terms, do not use this site. Additional information about us is also available on the SEC’s website at: www.adviserinfo.sec.gov.
This site is for informational purposes only and does not constitute a solicitation or offer of the purchase or sale of securities that may be referenced herein. The views and information contained on this site are not meant as investment advice. Past performance is not a guarantee of future results. This site is published in the United States and is not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.
First Wilshire is an independent registered investment adviser with the United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940. First Wilshire claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. First Wilshire’s compliance with the GIPS® standards has been independently verified for the periods from 12/31/1986 to 3/31/2017 by Ashland Partners & Company LLP and from 4/1/2017 to 12/31/2023 by ACA Performance Services, LLC. In addition, a performance examination was conducted on the Separately Managed Accounts Composite beginning 12/31/1986. A copy of the verification report is available upon request. First Wilshire’s Separately Managed Accounts Composite performance data represents a composite of all fully discretionary accounts with comparable investment objectives and risks, managed by First Wilshire beginning 12/31/1986. This composite typically, but not exclusively, invests in small capitalization, U.S.-listed stocks. The benchmark is the Russell 2000® Index, which is a market cap-weighted index and measures the performance of the small-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 2,000 of the smallest securities. The firm maintains a complete list and description of composites and a compliant presentation, which are available upon request (Please contact Client Services at 626-796-6622). The U.S. Dollar is the currency used to express performance.
Past performances of stock markets, as well as those of FWSM client portfolios or any individual securities, may not be indicative of future results. Investments, including First Wilshire separately managed accounts, offer the possibility of loss. In general, smaller capitalization equities are considered riskier than larger capitalization equities due to, among other factors, lower trading volume and less financial resources. In fact, past performance should be only one of many considerations in selecting an investment manager. Please do not make investment decisions based solely on past performance. Our Form ADV Part II is available on request and should be reviewed prior to investing.
A full description of investment strategies, composites and advisory fees are supplied in our Form ADV Part 2A found at www.sec.gov.
Investment in equities and fixed income securities are subject to investment risks, including, without limitation, market risk, interest rate risk, management style risk, business risk, sector risk, small cap risk, liquidity risk, prepayment risk, extension risk, among other risks related to equity and fixed income securities.
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Other Policies and Disclosures
Privacy Notice
We take your privacy seriously. We want you to understand what information we collect and how we use it. We collect and use “nonpublic personal information” from our new account forms to help us determine suitability for certain investments, as a tool in obtaining your investment objectives, and to satisfy the requirement of various regulatory agencies that govern us.
We do not disclose nonpublic personal information about you to non-exempt third parties. Proof of your permission is required before we will send information to non-exempt third parties. Examples of a situation requiring your approval includes requests for information to be sent to an accountant or in loan approvals.
We may also collect “nonpublic personal information” about you from data we receive from non-affiliated third parties, including consumer and industry reporting agencies.
We maintain physical and electronic safeguards to protect your nonpublic information according to U.S. laws and regulations.
The contents of this site are subject to change without notice.
