Pacific Income Advisers Inc (Santa Monica)

Name: Pacific Income Advisers Inc
Address: 1299 Ocean Ave Ste 210, Santa Monica, CA, 90401 1036
Telephone: 310-393-1424

Pacific Income Advisers Inc is a large advisory firm based in Santa Monica. It manages $7.12 billion of regulatory assets for 3,196 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Pacific Income Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Income Advisers: assets under management

The assets under management (AUM) of Pacific Income Advisers Inc is $7.12 billion. The firm's AUM has grown by 80% since the beginning of its operation, and $53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.1 billion in discretionary accounts and $19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19 million.

Investments

The firm invests in government bonds the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 32% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pacific Income Advisers Inc for their services and products based on a percentage of assets under management. 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 Heather Una Baines serves?

The firm provides services to individuals, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Heather Una Baines is pooled investment vehicles with 2 clients and $5.04 billion of assets under management. Among the 8 most similar advisory firms, Pacific Income Advisers has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.55 billion for 3,100 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 Income Advisers doesn't advise any private funds.

Careers at Pacific Income Advisers Inc

The company employs 30 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 11 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.

Heather Una Baines has been acting as President since 1 Oct 1987. Isabella Rae Aslan joined the executive team most recently as the Cco/Director Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Lloyd Mcadams	President & cio	1 Mar 1987	Other	2173886
Joseph Lloyd Mcadams	Trustee of lloyd mcadams family trust	1 Jun 1987	50% - 75%	2173886
Lloyd Mcadams Family Trust	Shareholder	1 Jun 1987	50% - 75%	2173886
Heather Una Baines	Chairman	1 Oct 1987	Other	2173889
Joseph Lloyd Mcadams	Chairman & ceo	1 Oct 1987	50% - 75%	2173886
John Lane Graves	Senior vice president	1 Aug 1992	Other	227826
Heather Una Baines	Trustee of heather u. baines family trust	1 Jun 1995	25% - 50%	2173889
Heather U. Baines Family Trust	Shareholder	1 Jun 1995	25% - 50%	2173889
Robert Vaughan Cornish	Chief legal & compliance officer	1 Jan 1999	Other	2890752
Thad Michael Brown	Managing director, chief operating officer & chief compliance officer	1 Apr 2002	Other	2196529
Thad Brown	Chief operations officer	1 Apr 2002	Other	2196529
Timothy Bradley Tarpening	Executive vice president	1 Aug 2003	Other	1711007
Isabella Rae Aslan	Cco/director of operations	1 Jan 2017	Other	6776201

Based in Santa Monica

The principal office where Pacific Income Advisers Inc performs its advisory services is located at 1299 Ocean Ave Ste 210, Santa Monica, CA 90401 1036, 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 310-393-1424 or by fax 310-434-0100. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at pacificincome.com.