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 a financial advisor company located in Newport Beach, California. Pacific Investment Management Company LLC oversees $2.6 trillion in assets under management over 2,527 accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). Pacific Investment Management Company LLC has a very large group, including 811 financial advisors. Pacific Investment Management Company LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as bonds, options and equities.

    Pacific Investment Management Company LLC manages more than half of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions without requiring the client's approval. It also administers 11 non-discretionary accounts with a total of $1.4 billion in assets under management. Pacific Investment Management Company LLC's typical account size is $1.0 billion. An average financial advisor at Pacific Investment Management Company LLC administers about three client accounts, making it one of the most individualized advisor firms in the country.

    The company's headquarters is at 650 Newport Center Drive, Newport Beach, California 92660. The firm is permitted to provide services to clients throughout 51 U.S. states and territories.

    Assets Under Management

    $2.6 trillion

    Number of Advisors

    811

    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: $9.0 billion
    Total Number of Employees

    2,492

    National Average: 71,771
    Total Number of Accounts

    2,527

    National Average: 4,329
    Average Account Size

    $1.0 billion

    National Average: $2.1 million

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    Products and Services

    Pacific Investment Management Company LLC provides a variety of financial services, which can include 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 last fiscal year. Pacific Investment Management Company LLC does not sell products or offer services apart from investment advisory services to its investment advisory accounts. The company is also affiliated with a number of other service providers 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 47% 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 21% of firms

      Selection of Other Advisors

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

    • Find a firm that offers this service

      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

    Fees for financial advice largely vary depending on which services are offered. Fees billed by the firm most 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 offered by Pacific Investment Management Company LLC.

    Available

    • Offered by 70% 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 33% 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 manages money for a number of different investors. 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 2,527 customers, Pacific Investment Management Company LLC's biggest client group is other, but it also manages money for 38 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of its clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 0.17%
    • Other Individuals - 0.35%
    • Corporations - 99.11%
    • Charitable Organizations - 0.37%

    * 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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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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