First Pacific Financial, Inc. (Vancouver)

Name: First Pacific Financial, Inc.
Address: 610 Esther Street, Vancouver, WA, 98660
Telephone: (360) 254-2585

First Pacific Financial, Inc. is a large advisory firm based in Vancouver. It manages $556.77 million of regulatory assets for 2,233 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

First Pacific Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Pacific Financial: assets under management

The assets under management (AUM) of First Pacific Financial, Inc. is $556.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 310% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $556.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $249.34 thousand each.

First Pacific Financial has custody of $556.77 million in cash and securities for 783 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 cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in non-exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Pacific Financial, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients First Pacific Financial 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 First Pacific Financial is high net worth individuals with 244 clients and $365.01 million of assets under management. Among the 7 most similar advisory firms, First Pacific Financial has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $556.77 million for 783 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.

First Pacific Financial doesn't advise any private funds.

Careers at First Pacific Financial, Inc.

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 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
Todd Robert Engblom Stryker	President and chief compliance officer	1 Aug 2016	75% - 100%	3096506
Darren Patrick Farrell	Shareholder	1 Jan 2017	Other	1797688
Adam Timothy Wishard	Shareholder	1 Jan 2017	Other	5143145

Based in Vancouver

The principal office where First Pacific Financial, Inc. performs its advisory services is located at 610 Esther Street, Vancouver, WA 98660, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (360) 254-2585 or by fax (360) 254-2726. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at facebook.com/first-pacific-financial-152729758092926/.