# USAA Investment Services Company

USAA Investment Services Company is an Asset Manager based in San Antonio, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Antonio, United States
- **Region:** North America
- **Address:** San Antonio, TX, United States
- **Founded:** 1981
- **Assets under management:** Estimated $100B–$500B (per public record)
- **Website:** usaa.com

## Regulatory record

- **CRD number:** 5475
- **SEC file number:** 801-126328
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/5475

## About

USAA Investment Services Company is an SEC-registered investment adviser in San Antonio, TX, registered since 2022. The firm has 176 employees and 91 investment advisers. It is based in Texas.

## Sectors

- Public Equities
- Fixed Income
- Private Credit
- Real Estate
- Infrastructure

## People

- Wayne Peacock — CEO of USAA (parent organization)
- John Wilcox — President, USAA Investment Management Company

## Questions

### Who runs investment decisions at USAA Investment Services Company?

The firm is led by Wayne Peacock as CEO of the parent USAA organization. John Wilcox serves as President of USAA Investment Management Company, overseeing investment operations. Specific CIO details for the investment services company are not publicly disclosed.

### How does USAA Investment Services Company source proprietary deal flow?

USAA Investment Services Company does not source proprietary deal flow externally. It operates primarily as a product distributor within the USAA ecosystem, offering its own mutual funds, ETFs, and managed accounts to the USAA member base. Investment decisions for its funds are made by internal portfolio managers, not through external deal-sourcing.

### What investment stages does USAA Investment Services Company typically target?

The firm focuses on public market investments across liquid asset classes: equities, fixed income, and cash equivalents. It also offers some alternative exposure through private credit and real estate funds, but does not target early-stage venture capital or direct private equity investments.

### Does USAA Investment Services Company participate in fund commitments or only direct deals?

The firm participates in fund commitments through its own USAA mutual funds and ETFs, and also offers separately managed accounts. It does not originate direct private equity or venture capital deals; its alternatives exposure comes through commingled funds and outside managers.

## Related profiles

- [Federated Securities Corp.](https://altss.com/profile/federated-securities-corp)
- [PRUCO Securities, LLC](https://altss.com/profile/pruco-securities-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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