May 4, 2026
Sloane Payne and Dave Joerger are the COO and CCO of WCM Investment Management, a firm chronicled over the years for its remarkable culture and growth to $120 billion in assets under management. This special conversation was hosted by Scott MacDonald on our affiliate Investment Management Operations podcast.
Their conversation describes WCM’s culture in practice that
includes hiring for character over credentials, trust as an
operating principle, overtrusting before proof exists,
generous compensation and shared equity, values as a daily
practice, connection through relational investment, making mistakes
feel survivable, scaling culture by modeling behavior,
accountability alongside kindness, and succession planning without
financial burden. Sloane and Dave believe the atypical human blend
of these disciplines has been the primary driver of the firm’s
success. Although not the origin of its name, it’s
perhaps not surprising that WCM also stands for Why Culture
Matters.
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