# Pacific Asset Management, LLC

> Pacific Asset Management, LLC is an SEC-registered investment advisory firm in Gig Harbor, WA, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 11, 2026.

- CRD: 115157
- Filed as: PACIFIC ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Gig Harbor, WA
- Filing period: October 2026
- Form ADV filing dated: June 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115157
- AdvisorCensus page: https://advisorcensus.com/firm/pacific-asset-management-llc-gig-harbor-wa-115157

## Quick answers

**How is Pacific Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Pacific Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Pacific Asset Management, LLC located?**
Pacific Asset Management, LLC's principal office is in Gig Harbor, WA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Pacific Asset Management, LLC registered with the SEC or a state?**
Pacific Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 115157.

**How much does Pacific Asset Management, LLC manage?**
Pacific Asset Management, LLC reports $384,753,000 in regulatory assets under management in its Form ADV filing dated June 11, 2026 (100% discretionary).

**How have Pacific Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Pacific Asset Management, LLC: Regulatory assets under management: $200,820,000 in the October 2021 data and $384,753,000 in the October 2026 data, up 92%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pacific Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (248); high net worth individuals (122); pension and profit sharing plans (but not the plan participants or government pension plans) (5).

**Which custodians does Pacific Asset Management, LLC use?**
Pacific Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Pacific Asset Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115157

**Does Pacific Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated June 11, 2026 says: "There is a $250,000 account minimum for any of PAM ’s services. Account Minimums may be waived or altered on a case by case basis."

**What changed in Pacific Asset Management, LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated June 11, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> There is a $250,000 account minimum for any of PAM ’s services. Account Minimums may be waived or altered on a case by case basis.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $384,753,000
- Discretionary: $384,753,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 248 | $91,519,000 |
| High net worth individuals | 122 | $279,601,000 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $9,621,000 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 2 | $4,012,000 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2002 (24 years)
- Employees: 7 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Shelton, WA

### Websites listed on Form ADV (Item 1.I)
- pacificasset.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $200,820,000 | 8 | June 7, 2021 |
| October 2022 | $248,550,000 | 7 | May 16, 2022 |
| October 2023 | $236,200,000 | 7 | March 17, 2023 |
| October 2024 | $254,800,000 | 7 | February 28, 2024 |
| October 2025 | $279,446,000 | 6 | March 18, 2025 |
| October 2026 | $384,753,000 | 7 | June 11, 2026 |

Regulatory assets under management: $200,820,000 in the October 2021 data and $384,753,000 in the October 2026 data, up 92%.
Total employees: 8 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $279,446,000 to $384,753,000 (+38%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 4 to 5.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pacific Asset Management, LLC (CRD 115157): Form ADV filing data as of October 2026.