Pacific Investment Management Company LLC (Newport Beach)


Pacific Investment Management Company LLC is a large advisory firm based in Newport Beach. It manages $2.2 trillion of regulatory assets for 2,377 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Pacific Investment Management Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and certain non-discretionary services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Investment Management Company: assets under management

The assets under management (AUM) of Pacific Investment Management Company LLC is $2.2 trillion. The firm's AUM has grown by 176% since the beginning of its operation, and $995.65 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.19 trillion in discretionary accounts and $5.7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $928.63 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $335.24 million.
Pacific Investment Management Company has custody of $4.63 billion in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 24% of the total AUM. The second-largest asset type is other assets, which make up 13% of the firm’s portfolio. Investments in sovereign bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pacific Investment Management Company LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pacific Investment Management Company serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Pacific Investment Management Company is investment companies with 224 clients and $738.51 billion of assets under management. Among the 10 most similar advisory firms, Pacific Investment Management Company has the 5th highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.19 trillion for 2,352 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.

Pacific Investment Management Company also advises several private funds. Namely, one hundred twenty eight hedge funds and six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $340,000,000.

Careers at Pacific Investment Management Company LLC

The company employs 2,597 people that are either part- or full-time employees. 24 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Frederick Muzzy Managing director 1 Feb 1982 Other 1704238
William Hunt Gross Managing director - executive committee 1 Feb 1982 Other 4294498
Brent Richard Harris Managing director - executive committee 1 Apr 1993 Other 1704291
William Charles Powers Managing director 1 Apr 1993 Other 1175173
William Samuel Thompson Managing director - executive committee and chief executive officer 1 Apr 1993 Other 700806
Allianz Asset Management Of America L.P. Member 1 Nov 1994 75% - 100% 06-1349805
Allianz Global Investors Of America L.P. Member 1 Nov 1994 75% - 100% 06-1349805
William Robert Benz Managing director 1 Feb 1997 Other 1597763
Chris Pete Dialynas Managing director 1 Sep 1998 Other 4294503
Margaret Ellen Isberg Managing director 1 Feb 1999 Other 1628384
Brent Lawrence Holden Managing director - executive committee 1 Jan 2000 Other 1201010
Pasi Hamalainen Managing director - executive committee 1 Jan 2000 Other 2974954
Ernest Lee Schmider Managing director 1 Jan 2000 Other 4294506
Paul Allen Mcculley Managing director 1 Jan 2001 Other 1170492
Richard Maccoy Weil Managing director - executive committe and chief operating officer 1 Jan 2002 Other 2603181
Llc Pimco Partners Member 1 Oct 2002 Other 33-0637955
Douglas Michael Hodge Managing director - executive committee and chief executive officer 1 Jan 2003 Other 1299029
John Brynjolfsson Managing director 1 Jan 2003 Other 2078928
Sudesh Narayana Mariappa Managing director 1 Jan 2003 Other 1581001
Wendy Woodward Cupps Managing director - executive committee 1 Jan 2004 Other 2320758
Tamara Jean Arnold Managing director 1 Jan 2004 Other 2408891
Scott Alan Mather Managing director - executive committee 1 Jan 2004 Other 2687267
Joseph Vincent Mcdevitt Managing director 1 Jan 2004 Other 859610
William Scott Simon Managing director 1 Jan 2004 Other 1220378
Changhong Zhu Managing director 1 Feb 2005 Other 4926739
Lew Wallace Jacobs Managing director - executive committee and president 1 Feb 2006 Other 2348947
Thomas John Otterbein Managing director - executive committee 1 Feb 2006 Other 1587043
Emanuele Stefano Ravano Managing director 1 Feb 2006 Other 4411373
Makoto Takano Managing director 1 Feb 2006 Other 5112207
Allianz Asset Management Of America Llc Member 1 Dec 2006 Other 06-1586816
Allianz Global Investors Of America Llc Member 1 Dec 2006 Other 06-1586816
Daniel John Ivascyn Managing director 1 Jan 2007 Other 2199900
Mark Vernon Mccray Managing director 1 Jan 2007 Other 1887862
Michael James Puntoriero Chief financial officer 1 Dec 2007 Other 5392633
Mohamed Aly El Erian Managing director 1 Dec 2007 Other 3159628
Curtis Alvin Mewbourne Managing director 1 Jan 2008 Other 2309564
David Christopher Lown Managing director 1 Jan 2008 Other 2079144
Vineer Bhansali Managing director 1 Jan 2008 Other 3027768
Brian Paul Baker Managing director 1 Jan 2008 Other 2943636
Craig Allen Dawson Managing director 1 Jan 2008 Other 3278054
Steven Charles Ludwig Chief compliance officer 1 Mar 2008 Other 2440911
David Carl Flattum Managing director 1 Jan 2009 Other 4433623
Jennifer E. Durham Managing director, chief compliance officer 1 Jan 2009 Other 5646293
Sabrina Clark Callin Managing director 1 Jan 2009 Other 3121708
Mark Richard Kiesel Managing director 1 Jan 2009 Other 2786179
Jonathan Daniel Short Managing director 1 Jan 2009 Other 1530434
Mihir Pravin Worah Managing director 1 Jan 2009 Other 5649705
Andrew Thomas Balls Managing director 1 Jan 2009 Other 5649706
Neel T. Kashkari Managing director 1 Dec 2009 Other 4575202
Neel Tushar Kashkari Managing director 1 Dec 2009 Other 4575202
Suhail Humayune Dada Managing director 1 Jan 2010 Other 4372852
Jennifer Susan Bridwell Managing director 1 Jan 2010 Other 2216235
Tomoya Masanao Managing director 1 Jan 2010 Other 5762091
John Mark Miller Managing director 1 Jan 2010 Other 4000512
Douglas John Ongaro Managing director 1 Jan 2010 Other 1398009
Saumil Harish Parikh Managing director 1 Jan 2010 Other 3205744
Stephen Andrew Rodosky Managing director 1 Jan 2010 Other 2906960
Thibault Christian Stracke Managing director 1 Jan 2010 Other 3013092
Susan Lynn Wilson Managing director 1 Jan 2010 Other 4094093
Michael Cecil Alexander Amey Managing director 1 Jan 2011 Other 5892817
Marc Peter Seidner Managing director 1 Jan 2011 Other 2671675
James F Moore Managing director 1 Jan 2011 Other 4239030
Robert Ivan Mead Managing director 1 Jan 2011 Other 5891223
Ravi K Mattu Managing director 1 Mar 2011 Other 1523505
Philippe Bodereau Managing director 1 Jan 2012 Other 6020198
Andrew Bosomworth Managing director 1 Jan 2012 Other 6020199
William George Deleon Managing director 1 Jan 2012 Other 2435473
Michael A Gomez Managing director 1 Jan 2012 Other 2518431
Charles Matthew Lahr Managing director 1 Jan 2012 Other 4726004
Eric J Mogelof Managing director 1 Jan 2012 Other 4558632
Peter G. Strelow Managing director 1 Jan 2012 Other 5217014
Qi Wang Managing director 1 Jan 2012 Other 2692546
Jennifer E. Durham Managing director 1 Jan 2012 Other 5646293
Lorenzo Pagani Managing director 1 Jan 2013 Other 6159162
Alfred Taketo Murata Managing director 1 Jan 2013 Other 6159165
Andrew Taylor Vaden Managing director 1 Jan 2013 Other 1712544
Joshua Michael Anderson Managing director 1 Jan 2013 Other 2686060
Jerome Michael Schneider Managing director 1 Jan 2013 Other 2360738
Eric Michael Sutherland Managing director 1 Jan 2013 Other 1724744
Joshua Theodore Thimons Managing director 1 Jan 2013 Other 4028828
Robert Oliver Young Managing director 1 Jan 2013 Other 3056324
Scott Alan Mather Managing director, deputy chief investment officer 1 Jan 2014 Other 2687267
Daniel John Ivascyn Managing director - executive committee, deputy chief investment officer 1 Jan 2014 Other 2199900
Mark Richard Kiesel Managing director, deputy chief investment officer 1 Jan 2014 Other 2786179
Mihir Pravin Worah Managing director, deputy chief investment officer 1 Jan 2014 Other 5649705
Andrew Thomas Balls Managing director, deputy chief investment officer 1 Jan 2014 Other 5649706
Virginie Maisonneuve Managing director, deputy chief investment officer 1 Jan 2014 Other 4346921
Ryan Patrick Blute Managing director 1 Mar 2014 Other 4865051
Edward John Devlin Managing director 1 Mar 2014 Other 2534798
Jonathan Lane Horne Managing director 1 Mar 2014 Other 4981682
Matthieu Louanges Managing director 1 Mar 2014 Other 6311219
Akinori Matsui Managing director 1 Mar 2014 Other 6311221
Mohit Mittal Managing director 1 Mar 2014 Other 5221834
Candice Stack Whitten Managing director 1 Mar 2014 Other 4460452
Sudesh Narayana Mariappa Managing director - executive committee 1 May 2014 Other 1581001
Paul Allen Mcculley Managing director 1 May 2014 Other 1170492
Scott Alan Mather Managing director, chief investment officer (u.s. core strategies) 1 Sep 2014 Other 2687267
Daniel John Ivascyn Managing director - executive committee, group chief investment officer 1 Sep 2014 Other 2199900
Mark Richard Kiesel Managing director, chief investment officer (global credit) 1 Sep 2014 Other 2786179
Mihir Pravin Worah Managing director - executive committee, chief investment officer (real return and asset allocation) 1 Sep 2014 Other 5649705
Andrew Thomas Balls Managing director - executive committee, chief investment officer (global) 1 Sep 2014 Other 5649706
Virginie Maisonneuve Managing director, chief investment officer (equities) 1 Sep 2014 Other 4346921
Mohsen Zaki Fahmi Managing director 1 Sep 2014 Other 2044331
Marc Peter Seidner Managing director, chief investment officer (non-traditional strategies) 1 Nov 2014 Other 2671675
Jennifer Susan Bridwell Managing director - executive committee 1 Feb 2016 Other 2216235
Kimberley Grace Korinke Managing director - executive committee 1 Feb 2016 Other 4850363
Emmanuel Nmn Roman Managing director - executive committee and chief executive officer 1 Nov 2016 Other 1736849
Craig Allen Dawson Managing director - executive committee 1 Feb 2017 Other 3278054
Thibault Christian Stracke Managing director - executive committee 1 Feb 2017 Other 3013092
Daniel Herbert Hyman Managing director - executive committee 1 Feb 2017 Other 4569010
Qi Wang Managing director - executive committee 1 Feb 2017 Other 2692546
John Jeffrey Kirkowski Managing director - co-chief financial officer 1 Sep 2017 Other 4241981
Peter G. Strelow Managing director - co-chief operating officer 1 Sep 2017 Other 5217014
Robin Christine Shanahan Managing director, co-chief operating officer 1 Sep 2017 Other 6865080
Joachim Walter Fels Managing director - executive committee 1 Feb 2018 Other 6929005
Cathleen Ruth Stahl Managing director - executive committee 1 Jan 2019 Other 2637845

Indirect Owners

The SEC currently registers 20 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Allianz Of America Member 1 May 2000 75% - 100% 13-2883190
Allianz Paclife Partners Llc General partner 1 May 2000 25% - 50% 33-0915825
Allianz Global Investors U.S. Holding Llc Managing member 1 May 2000 50% - 75% 95-1079000
Allianz Of America Inc Member 1 May 2000 75% - 100% 107032
Allianz Se Sole shareholder 1 May 2000 75% - 100% 98-0122343
Allianz Global Investors Of America Llc Member 1 Jul 2001 75% - 100% 06-1605361
Allianz Global Investors Of America Llc Unitholder 1 Jan 2002 75% - 100% 06-1605361
Allianz Global Investors Of America Holdings Inc. Managing member 1 Jan 2003 Other 43-1993556
Allianz Global Investors Aktiengesellschaft Sole stockholder 1 Jan 2003 75% - 100% 00-0000000
Allianz Se Stockholder 1 Jan 2003 50% - 75% 98-0122343
Allianz Argos 6 Vermogensverwaltungsgesellschaft Mbh Stockholder 1 Jun 2005 25% - 50% 00-0000000
Allianz Finanbeteiligungs Gmbh Sole stockholder 1 Jun 2005 75% - 100% 00-0000000
Az Argos 6 Vermoegensverwaltungsgesellschaft Mbh Stockholder 1 Jun 2005 25% - 50% 00-0000000
Allianz Se Sole stockholder 1 Jun 2005 75% - 100% 98-0122343
Allianz Asset Management Of America Llc Partner 1 Dec 2009 75% - 100% 06-1605361
Allianz Global Investors Of America Llc General partner 1 Dec 2009 75% - 100% 06-1605361
Allianz Global Investors U.S. Holding Llc Limited partner 1 Dec 2009 25% - 50% 95-1079000
Allianz Finanzbeteiligungs Gmbh Stockholder 1 Aug 2010 25% - 50% 00-0000000
Allianz Europe B.V. Sole stockholder 1 Jun 2012 75% - 100% 00-0000000
Allianz Se Sole stockholder 1 Jun 2012 75% - 100% 98-0122343

Based in Newport Beach

The principal office where Pacific Investment Management Company LLC performs its advisory services is located at 650 Newport Center Drive, Newport Beach, CA 92660, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (949) 720-6000 or by fax (949) 720-6361. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at pimco.com.

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