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 operates as an advisory company based in Newport Beach, California. The firm oversees $2.2 trillion in total assets throughout 2,377 accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). The firm has a very large group of 2,597 employees, six hundred thirty-three of whom are financial advisors. Pacific Investment Management Company LLC is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments like options, stocks and bonds.

    Pacific Investment Management Company LLC administers 2,360 of the company's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions without needing the client's consent. The company also has 17 non-discretionary accounts totaling $5.7 billion in assets under management. The investment advisory firm oversees about $925.5 million in assets for each customer account. An average advisor at Pacific Investment Management Company LLC manages about four client accounts, making it one of the most individualized financial advisor firms in the country.

    The company's main office is located at 650 Newport Center Drive, Newport Beach, California 92660. The firm is permitted to serve clients throughout 52 U.S. states and territories.

    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 Number of Employees

    2,597

    National Average: 4,943
    Total Number of Accounts

    2,377

    National Average: 2,522
    Average Account Size

    $924.4 million

    National Average: $1.3 million

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    Products and Services

    Pacific Investment Management Company LLC offers a variety of financial 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. However, the company did not provide financial planning services to any of its customers in the prior fiscal year. Pacific Investment Management Company LLC does not sell products or offer services aside from investment advice to its investment advisory accounts. Pacific Investment Management Company LLC is also affiliated with a number of 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 63% 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 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

    Fees charged by financial advisors typically vary depending on which service is offered. Fee types billed by Pacific Investment Management Company LLC likely include some combination of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

    Available

    • Offered by 75% 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 37% 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 3% 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

    The firm does business with a broad range of investors. It 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 types of clients. Out of its 2,377 clients, Pacific Investment Management Company LLC's biggest client by number of accounts is other, although it also manages money for 29 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual 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 7% of the company's 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