Wellington Management Company (WMC) is a private, independent investment management company. The firm has client assets under management totalling over US$969 billion, and serves as investment advisor for over 2,150 institutional clients in over 50 countries. In 1928, Walter L. Morgan, a Philadelphia-based accountant, established the first balanced mutual fund in the United States, the Wellington Fund. Morgan established WMC despite the market crash of 1929. In the 1960s, four investment professionals, W. Nicholas Thorndike, Robert Doran, Stephen Paine, and George Lewis took the leadership of the firm and refocused the business.[clarification needed] In 1979, 29 original partners bought back the firm—believing the private form of ownership to be in the best interests of clients. The companys London office was opened in 1983, Singapore in 1996, Tokyo and Sydney in 1997, Hong Kong in 2003, and Beijing in 2007.
Highest paying job titles at Wellington Management include Compliance Analyst, Compliance Officer, and Portfolio Manager