Pasadena Private Wealth, Llc (Pasadena)
Pasadena Private Wealth, Llc Is a Large Advisory Firm Based in Pasadena. It Manages $349.63 Million of Regulatory Assets for 738 Client Accounts. It Has Been...
Pasadena Private Wealth, LLC is a large advisory firm based in Pasadena. It manages $349.63 million of regulatory assets for 738 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Hawaii, and Texas.
Pasadena Private Wealth provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Pasadena Private Wealth: assets under management
The assets under management (AUM) of Pasadena Private Wealth, LLC is $349.63 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $265.76 million in discretionary accounts and $83.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $569.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $309.47 thousand.
Pasadena Private Wealth has custody of $217.18 million in cash and securities for 499 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
