Pacific Portfolio Consulting, LLC (Seattle)

Name: Pacific Portfolio Consulting, LLC
Address: 701 5 Th Avenue, Seattle, WA, 98104
Telephone: 206-623-6641

Pacific Portfolio Consulting, LLC is a large advisory firm based in Seattle. It manages $3.4 billion of regulatory assets for 283 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alaska, California, Oregon, and Washington.

Pacific Portfolio Consulting provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Portfolio Consulting: assets under management

The assets under management (AUM) of Pacific Portfolio Consulting, LLC is $3.4 billion. The firm's AUM has grown by 270% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $770.92 million in discretionary accounts and $2.63 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $51.64 million.

Pacific Portfolio Consulting has custody of $105.93 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is state and local bonds, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pacific Portfolio Consulting, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lawerence Lee Hood serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Lawerence Lee Hood is pension and profit sharing plans with 55 clients and $2.41 billion of assets under management. Among the 10 most similar advisory firms, Pacific Portfolio Consulting has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.4 billion for 283 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.

Pacific Portfolio Consulting doesn't advise any private funds.

Careers at Pacific Portfolio Consulting, LLC

The company employs 19 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 7 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.

Lawerence Lee Hood has been acting as President since 1 Jan 2006. Joseph M Schierhorn joined the executive team most recently as the Director Of Pacific Wealth Advisors, Llc.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Pacific Wealth Advisors	Member	1 Jan 2006	75% - 100%	91-1234567
Lawerence Lee Hood	President	1 Jan 2006	Other	1018874
Ritchie Hood	Chief compliance officer	1 Feb 2006	Other	5094413

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Cockburn	Director of pacific wealth advisors, llc	1 Jan 2006	Other	5097834
Timothy Engle	Director of pacific wealth advisors, llc	1 Jan 2006	Other	5097836
Joseph James Gallagher	Director of pacific wealth advisors, llc	1 Jan 2006	Other	4803816
Raymond Styles	Director of pacific wealth advisors, llc	1 Jan 2006	Other	5097840
Robert Robbins Richards	Director of pacific wealth advisors, llc	1 Jan 2006	Other	1641587
James Will	Director of pacific wealth advisors, llc	1 Jan 2006	Other	5097841
Robert Marc Langland	Director of pacific wealth advisors, llc	1 Jan 2006	Other	5907089
Malcolm Goodfellow	Director of pacific wealth advisors, llc	1 Jan 2006	Other	5097838
John Merlo	Director of pacific wealth advisors, llc	1 Jan 2010	Other	5907090
Kelly Carroll	Director of pacific wealth advisors, llc	1 Oct 2015	Other	6630489
Joseph Beedle	Director of pacific wealth advisors, llc	1 Oct 2015	Other	6630490
Joseph M Schierhorn	Director of pacific wealth advisors, llc	1 Oct 2017	Other	6931205

Based in Seattle

The principal office where Pacific Portfolio Consulting, LLC performs its advisory services is located at 701 5 Th Avenue, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in Anchorage, AK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-623-6641 or by fax 206-623-6653. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pacific-portfolio.com.