Pacific Fortune Management, LLC (Santa Clara)

Name: Pacific Fortune Management, LLC
Address: 2350 Mission College Blvd, Suite 475, Santa Clara, CA, 95054
Telephone: (415) 8060136

Pacific Fortune Management, LLC is an adviser based in Santa Clara. It manages $380 thousand of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of California.

Pacific Fortune Management provides portfolio management for individuals and small businesses and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Fortune Management: assets under management

The assets under management (AUM) of Pacific Fortune Management, LLC is $380 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 443% since the beginning of its operation, and $380 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $380 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $47.5 thousand each.

Investments

The firm invests in cash and cash equivalents the most. They account for 97% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pacific Fortune Management, LLC for their services and products based on a percentage of assets under management 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 Pacific Fortune Management serves?

The only and largest group of clients of Pacific Fortune Management is individuals with 8 clients and $380 thousand of assets under management. Among the 4 most similar advisory firms, Pacific Fortune Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $380 thousand for 8 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 95% of the firm’s clients are foreign persons or businesses.

Pacific Fortune Management doesn't advise any private funds.

Careers at Pacific Fortune Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Yi Nmn Xiang	Managing member & chief compliance officer	1 Nov 2016	75% - 100%	6761317

Based in Santa Clara

The principal office where Pacific Fortune Management, LLC performs its advisory services is located at 2350 Mission College Blvd, Suite 475, Santa Clara, CA 95054 The mailing address of the firm is 2054 43 Rd Avenue, San Francisco, CA 94116. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 8060136 or by fax N/A. The normal business hours are office visits by appointment only on Monday - Friday. You can find more information about the New York firm at pfmfinance.com.