Pfm Asset Management LLC

CRD#122141
Investment Advisor Firm

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Learn more about Pfm Asset Management LLC

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

    • Overview

    Pfm Asset Management LLC is located at 213 Market Street, Harrisburg, PA. The firm employs 215 financial advisors to manage client portfolios and provide financial guidance. Pfm Asset Management LLC is not a registered broker-dealer.

    Pfm Asset Management LLC oversees $176.9 billion in assets under management across 1,952 accounts, of which 1,584 are discretionary and 368 are non-discretionary. The services offered include 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. The firm caters to various types of investors, including banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, corporations, and others. The fee structure at Pfm Asset Management LLC includes asset-based, hourly, fixed, and performance-based fees. The largest client type by accounts is state or municipal government entities. The firm maintains affiliations with a broker-dealer or securities dealer, a banking or thrift institution, and an insurance company or agency.

    Pfm Asset Management LLC is registered in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wyoming, Wisconsin, Kansas, Maryland, New Hampshire, and North Dakota.

    Assets Under Management

    $176.9 billion

    Number of Advisors

    215

    Disclosures

    No

    Office Location

    213 Market Street
    Harrisburg, PA 17101-2141

    Pfm Asset Management LLC by the Numbers

    Total Assets Under Management

    $176.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    244

    National Average: 64
    Total Number of Accounts

    1,952

    National Average: 375,227
    Average Account Size

    $90.6 million

    National Average: $23.0 thousand
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    Products and Services

    Pfm Asset Management LLC offers a number of services, which can include 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, Pfm Asset Management LLC did not provide financial planning services to any of its clients in the previous financial year. The Company is involved in selling products or offering services different than investment advice to its customers.

    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.

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      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 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

    A financial advisor's fees typically are based on the services offered. Fees charged by Pfm Asset Management LLC may include any blend of the following fee structures: asset-based, hourly, fixed, or performance-based.

    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 21% of firms

      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.

    • 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.

    • Offered by 32% of firms

      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.

    Unavailable

    • 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 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 company works with a broad range of clients. It works with banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, corporations, and other. Out of its 8 clients, Pfm Asset Management LLC's biggest client group by number of accounts is state or municipal government entities.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 95.81%
    • Charitable Organizations - 4.19%

    * 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

    Pfm Asset Management LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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