Pfm Asset Management LLC (Harrisburg)

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.

Pfm Asset Management: assets under management

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 firm manages $94.1 billion in discretionary accounts and $1.21 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.8 million.

Investments

The firm invests in government bonds the most. They account for 34% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 33% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

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. 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 Martin Paul Margolis serves?

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.

Careers at Pfm Asset Management LLC

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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 13 indirect owners.

Based in Harrisburg

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.

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