About WST Capital Management

WST Capital Management is a division of Wilbanks Smith & Thomas Asset Management, LLC – a firm that has, since 1990, prioritized solutions-seeking research as a way to better serve clients.

Roger Scheffel, CIO of WST Capital Management, discusses the origins of the ETF strategist division and our approach to product development.

WST Capital Management emerged from our desire to deliver the types of solutions that we felt were missing in the marketplace. Since launching our flagship strategy in 2006, we have worked to develop a platform informed by our experiences as investors and guided by our mission of improving investment outcomes through active quant.

Wilbanks Smith & Thomas

Founded in 1990

Norfolk, VA-based

Independent, privately owned

Wealth management & outsourced CIO

Over $3 billion AUM

WEALTH MANAGEMENT

SUB-ADVISORY

INSTITUTIONAL ADVISORY


WST Capital Management

Quantitative boutique division est. 2015

Track record dates to 2006

Approx. $500 million AUM/AuA

Our Story

Decades of advancing client objectives through pioneering research and portfolio design

Click below to view our history.

Wilbanks Smith & Thomas is founded

1990

Launch of first SMA strategy

2000

Early efforts to implement smarta beta factor-weighting concepts in client portfolios

2004

First dedicated quant strategist/ technical trading hire + introduction of first rules-based, risk-managed strategy

2005

Expansion of risk-managed program with introduction of risk-managed high yield bond offering

2006

Launch of long/short SMA model designed using quantitative algorithms

2007

Introduction of proprietary multi-layered risk management technology for SMA portfolios

2008

Introduction of adaptive momentum framework to advance relative strength portfolios and machine learning algorithms

2009

S&P Dow Jones indices announces plans to launch WST custom index – the first such RIA/ S&P collaboration.

2010

Launch of the WSTCM Sector Select Risk-Managed Index

2011

WST Investment Trust established

2013

Launch of various funds and collective vehicles

2014

WST Capital Management formally established as the ETF strategist division of Wilbanks Smith & Thomas

2015

Launch of WSTCM Diversified Income Risk-Managed & WSTCM Sector Select custom indices & significant platform expansion to include MLP, CorePlus suite & new sector rotation strategies

2016

Platform expansion to include ESG/ Impact offerings; launch of WSTCM International Select Risk-Managed Index

2017

Launch of Factor Select lineup

2018

Our Team

The team’s iterative design process brings together a depth of experience in portfolio management, product design, quantitative academic research and computational methods to create robust strategies designed to solve critical problems in portfolio construction.

David Abrams
Director of Quantitative Strategies
Elizabeth Marchetti
Investment Director
Maria Marmion
Marketing Strategist
Tom McNally, CFA, CMT
Portfolio Manager
Roger Scheffel
Principal, Chief Investment Officer
Ryan Stallard
Portfolio Analyst
Dabney Treacy
Director of Sales
Wayne Wilbanks, CFA
Managing Principal

Quantitative Research Group

Applies proprietary quantitative research approach to the universe of market, macroeconomic and ETF universe data to develop, refine and deliver strategies. Collaborates with Product Design team to reconcile theoretical approach with practical, strategic and tactical portfolio needs.

Portfolio Design Team

Analyzes industry data, advisor input, and performs portfolio risk assessment, collaborating closely with Quantitative Research Group to drive product development. Responsible for ongoing product management and strategic support to advisors and investors.

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Review our philosophy and approach.

Our Philosophy