Pacific Investment Management Company LLC

CRD#104559
Investment Advisor Firm

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Overview

Pacific Investment Management Company LLC is a financial advisory firm that has its headquarters in Newport Beach, California. Pacific Investment Management Company LLC handles $2.6 trillion in assets under management over 2,397 accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). Pacific Investment Management Company LLC has a very large team of 2,806 employees, of which 657 are financial advisors. Pacific Investment Management Company LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as bonds, stocks and options.

Pacific Investment Management Company LLC manages 2,384 of the firm's accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction decisions without requiring the customer's permission. Pacific Investment Management Company LLC also oversees 13 non-discretionary accounts totaling $4.2 billion in assets. The company oversees about $1.1 billion in assets for every customer account. The typical advisor at Pacific Investment Management Company LLC manages around four client accounts, placing it among the most individualized advisor firms in the country.

Pacific Investment Management Company LLC's central office is at 650 Newport Center Drive, Newport Beach, California 92660. It is legally allowed to provide services to customers throughout 51 U.S. states and territories.

Assets Under Management

$2.6 trillion

Number of Advisors

657

Disclosures

No

Office Location

650 Newport Center Drive
Newport Beach, CA 92660

Pacific Investment Management Company LLC by the Numbers

Total Assets Under Management

$2.6 trillion

National Average: $3.7 billion
Total Number of Employees

2,806

National Average: 29
Total Number of Accounts

2,397

National Average: 2,073
Average Account Size

$1.1 billion

National Average: $1.8 million

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Products and Services

Pacific Investment Management Company LLC provides 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 financial planning services to any of its accounts in the previous financial year. The firm does not sell products or offer services apart from investment advisory services to its investment advisory customers. It also has a number of financial industry affiliations, 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 62% 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.

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    Educational Seminars/Workshops

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

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Fee Structure

Financial advisory fees typically depend on the services offered. Fees charged by the firm most likely include the following fee types: asset-based or performance-based. The company does participate in 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

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    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.

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    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

The company works with a number of different investors. The company caters 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 2,397 clients, Pacific Investment Management Company LLC's biggest client is other, but it also caters to 26 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of the firm's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 0.13%
  • Other Individuals - 0.4%
  • Corporations - 99.07%
  • Charitable Organizations - 0.4%

* 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