Pacific Investment Management Company LLC (Newport Beach)

Name: Pacific Investment Management Company LLC
Address: 650 Newport Center Drive, Newport Beach, CA, 92660
Telephone: (949) 720-6000

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.