Pacific Investment Management Company LLC

CRD#104559
Investment Advisor Firm

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Learn more about Pacific Investment Management Company LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Pacific Investment Management Company LLC is an advisory company that has its headquarters in Newport Beach, California. The company has $2.2 trillion in total assets over 2,377 client accounts, placing it among the largest financial advisory firms in the nation by assets under management (AUM). It has a very large group of 2,597 employees, including 633 financial advisors. Pacific Investment Management Company LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, stocks and bonds.

    Pacific Investment Management Company LLC administers most of its client assets in a discretionary manner. Discretionary management is a structure in which buy and sell decisions are made by an investment advisor without requiring client authorization. Pacific Investment Management Company LLC also has 17 non-discretionary accounts with a total of $5.7 billion in assets. The firm oversees an average of $925.5 million in assets for each client account. The typical advisor at Pacific Investment Management Company LLC manages about four client accounts, making it one of the most individualized advisor firms in the country.

    The company's central office is located at 650 Newport Center Drive, Newport Beach, California 92660. The company is legally allowed to serve clients throughout 51 U.S. states and territories.

    Assets Under Management

    $2.2 trillion

    Number of Advisors

    633

    Disclosures

    No

    Office Location

    650 Newport Center Drive
    Newport Beach, CA 92660

    Pacific Investment Management Company LLC by the Numbers

    Total Assets Under Management

    $2.2 trillion

    National Average: $3.3 billion
    Total Number of Employees

    2,597

    National Average: 31
    Total Number of Accounts

    2,377

    National Average: 1,935
    Average Account Size

    $924.4 million

    National Average: $1.7 million

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    Products and Services

    Pacific Investment Management Company LLC offers multiple services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. Notably, the company did not provide any of its customers with financial planning services in the last financial year. The company is not engaged in selling products or offering services aside from investment advice to its investment advisory clients. Pacific Investment Management Company LLC is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant and commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 61% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 23% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees largely are based on the type of financial services provided. Fees charged by Pacific Investment Management Company LLC most likely are comprised of any blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    Available

    • Offered by 72% 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 39% 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

    Pacific Investment Management Company LLC works with a broad range of clients. It provides services to retail investors, high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, corporations and other. Out of its 2,377 accounts, Pacific Investment Management Company LLC's biggest client group is other, although it also serves 29 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 7% of its clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 0.17%
    • Other Individuals - 0.45%
    • Corporations - 98.97%
    • Charitable Organizations - 0.42%

    * 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

    Pacific Investment Management Company LLC 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