Pabrai Investment Funds

CRD#161471
Investment Advisor Firm

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Overview

Pabrai Investment Funds operates as an advisory firm located in Irvine, California. Pabrai Investment Funds administers $674.5 million in total assets across eight customer accounts, making it one of the bigger financial advisory firms in the nation by assets under management (AUM). The firm has a small team of two employees, all of whom are financial advisors. Pabrai Investment Funds does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments such as bonds, options and stocks.

Pabrai Investment Funds oversees all of the company's accounts in a discretionary manner. Discretionary management means that transaction judgments for the client's account are made by an investment advisor without needing client permission. The advisory firm manages roughly $84.3 million for every client account. The typical advisor at Pabrai Investment Funds oversees about four client accounts, making it one of the most personalized advisor firms in the country.

Pabrai Investment Funds's headquarters is at 1220 Roosevelt, Suite 200, Irvine, California 92620-3675. The company is legally allowed to serve clients in the state of California.

Assets Under Management

$674.5 million

Number of Advisors

2

Disclosures

No

Office Location

1220 Roosevelt, Suite 200
Irvine, CA 92620-3675

Pabrai Investment Funds by the Numbers

Total Assets Under Management

$674.5 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

8

National Average: 2,073
Average Account Size

$84.3 million

National Average: $1.8 million

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Fee Structure

Financial management fees typically vary depending on the type of financial services provided. However, fees billed by the firm most likely are comprised of the following fee types: asset-based or performance-based. Pabrai Investment Funds does not provide a wrap fee program, in which the firm offers a service bundle for a single fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It works with pooled investment vehicles. Out of its eight clients, Pabrai Investment Funds's biggest client is pooled investment vehicles. Around 25% of the company's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Pabrai Investment Funds does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA