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
  • Firm Advisors

    • Overview

    Pacific Investment Management Company LLC operates as a financial advisory firm headquartered in Newport Beach, California. Pacific Investment Management Company LLC manages $2.2 trillion in assets under management throughout 2,782 customer accounts, making it one of the biggest firms in the United States by assets under management (AUM). Pacific Investment Management Company LLC has a very large group, including 904 financial advisors. Pacific Investment Management Company LLC is not a registered broker-dealer, meaning it cannot 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 tradable fiscal investments such as bonds, equities and options.

    Pacific Investment Management Company LLC manages the majority of its accounts in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without requiring client authorization. The company also administers 11 non-discretionary accounts totaling $1.2 billion in AUM. The company's average account size is $808.8 million. The average financial advisor at Pacific Investment Management Company LLC manages about three client accounts, making it one of the most individualized firms in the country.

    Pacific Investment Management Company LLC's central office is at 650 Newport Center Drive, Newport Beach, California 92660. The company is legally allowed to serve clients across 51 U.S. states and territories.

    Assets Under Management

    $2.2 trillion

    Number of Advisors

    904

    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: $8.6 billion
    Total Number of Employees

    3,177

    National Average: 64
    Total Number of Accounts

    2,782

    National Average: 375,227
    Average Account Size

    $808.2 million

    National Average: $23.0 thousand
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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, it did not provide financial planning services to any of its customers in the prior fiscal year. The firm is not involved in selling products or offering services other than investment advice to its investment advisory accounts. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, insurance company or agency, pension consultant, real estate broker or dealer 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 46% of firms

      Portfolio Management

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

    • Find a firm that offers this service

      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 20% 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 management fees largely depend on which services the firm provides the client. However, fee types charged by the company likely consist of any combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.

    Available

    • Offered by 69% 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 26% 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 21% 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 1% 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 0% 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 32% 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 10% 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

    The firm works with a broad range of customers. 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 2,782 clients, Pacific Investment Management Company LLC's biggest client group is other, although it also serves 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 counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 4% of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 0.09%
    • Other Individuals - 0.26%
    • Corporations - 99.4%
    • Charitable Organizations - 0.25%

    * 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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    Financial Advisors at Pacific Investment Management Company LLC

    Brian Hannibal
    Solana Beach, CA
    Nathan O'Farrell
    Newport Beach, CA
    Peter Gunther
    Solana Beach, CA
    Stephanie Ng
    Solana Beach, CA
    John Hornbeak
    Solana Beach, CA
    Myles Grenier
    Solana Beach, CA
    Thomas Schuette
    Austin, TX
    Jacob Arentzoff
    Solana Beach, CA
    Shandi Johnson
    Solana Beach, CA

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