Pfm Asset Management LLC is a large advisory firm based in Harrisburg. It manages $95.31 billion of regulatory assets for 2,183 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 37 other states.
Pfm Asset Management provides 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 advice to clients on matters not involving securities. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pfm Asset Management LLC is $95.31 billion. The firm's AUM has grown by 8223% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Pfm Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.
The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Martin Paul Margolis is state or municipal government entities with 629 clients and $48.78 billion of assets under management. Among the 10 most similar advisory firms, Pfm Asset Management has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $85.3 billion for 705 clients. None of the firm’s clients are foreign persons or businesses.
Pfm Asset Management doesn't advise any private funds.
The company employs 242 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
Martin Paul Margolis has been acting as President since 1 Oct 1995. Karen Jones joined the executive team most recently as the Secretary.
The principal office where Pfm Asset Management LLC performs its advisory services is located at 213 Market Street, Harrisburg, PA 17101 2141, which is also the mailing address of the firm. An additional office of the firm is in West Holbrook, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 717-231-6200 or by fax 717-233-6073. The normal business hours are 8:30 a.m. - 5:30 p.m. et on Monday - Friday. You can find more information about the New York firm at pfm.com.