Pasi Investments, LLC (Farmington)

Name: Pasi Investments, LLC
Address: 10 Talcott Notch Road, Farmington, CT, 06032
Telephone: 860-284-6880

Pasi Investments, LLC is a large advisory firm based in Farmington. It manages $277.88 million of regulatory assets for 269 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Connecticut, Florida, and Massachusetts.

Pasi Investments provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting 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.

Pasi Investments: assets under management

The assets under management (AUM) of Pasi Investments, LLC is $277.88 million. The firm's AUM has grown by 85% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $237.56 million in discretionary accounts and $40.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $576.02 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pasi Investments, LLC for their services and products based on a percentage of assets under management and fixed 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 Pasi Investments serves?

The firm provides services to individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Pasi Investments is pension and profit sharing plans with 109 clients and $248.1 million of assets under management. Among the 7 most similar advisory firms, Pasi Investments has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $277.88 million for 179 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pasi Investments doesn't advise any private funds.

Careers at Pasi Investments, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate 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
Ronald Jay Fishman	Managing member	1 Nov 2007	25% - 50%	1449240
Randy Bliss	Managing member and chief compliance officer	1 Nov 2007	Other	1349574
David J Westman	Managing member	1 Nov 2007	25% - 50%	5465638
David J Wetsman	Managing member and chief compliance officer	1 Nov 2007	25% - 50%	5465638
Inc Pension Administrative Services	S corp	1 Nov 2007	25% - 50%	06-1416982
Llc Rf Consulting	Owner	1 Feb 2018	50% - 75%	82-3837046

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lori Wetsman	Shareholder of pension administrative services inc	1 Nov 2007	25% - 50%	6631625
Ronald Jay Fishman	Owner	1 Jan 2018	50% - 75%	1449240

Based in Farmington

The principal office where Pasi Investments, LLC performs its advisory services is located at 10 Talcott Notch Road, Farmington, CT 06032, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-284-6880 or by fax 860-284-6887. The normal business hours are 8:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at pasiusa.net.